News
CNN Money | College savings gap widens between rich and poor
A growing divide is forming among college savers. While many middle and upper-class families are saving more for college, lower income families are still struggling to save anything at all.
CNN Money | It's the biggest week for IPOs in 8 years
It's the biggest week for initial public offerings since the end of 2006 with a whopping 16 companies scheduled to make their trading debut.
CNN Money | Young investors are hoarding cash
According to investment adviser UBS, people in their early to mid-thirties with at least $100,000 to invest keep 42% of their money in cash. UBS concludes young savers are unusually conservative.
Market Watch | 30-year-mortgage rate falls to 4.34%
The average rate for a 30-year fixed-rate mortgage fell to 4.34% in the week that ended April 10 from 4.41% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac
Econ Comments & Analysis
Bloomberg | Democrats Have the Bigger Inequality Problem
Quick: Which member of Congress represents a district that most embodies a liberal utopia? (Hint: Her name and the phrase “liberal utopia” have never been uttered in the same sentence.) Give up? It’s Minnesota’s Michele Bachmann, toast of the Tea Party.
Real Clear Markets | How the Feds Blind Us To Our Malaise
Though we seldom think of them this way, America's statistical agencies are the very eyes and ears of our democracy. When they are functioning properly, they provide essential information to help the public and its elected representatives see what is going right in our country-and what is going wrong. Such information is crucial for forming a more perfect union.
NBER | Second Liens and the Holdup Problem in Mortgage Renegotiation
Loss mitigation actions (e.g., liquidation or renegotiation) for delinquent mortgages might be hampered by the conflicting goals of claim holders with different levels of seniority.
Blogs
WSJ | New Mortgage Lending at 14-Year Low
Mortgage originations in February fell to their lowest level in at least 14 years due to the months-long plunge in refinancing activity and weak demand for loans to purchase new homes.
Heritage Foundation | How Conservatives Can Fight Obama's Crony Economy
The American economy is the envy of the world, primarily because it is still seen as a place where anyone – regardless of who you are or where you come from – can work hard, play by the rules, and succeed.
