schoen

Bank of America deal could speed foreclosures

MSNBC.com: Business  Wed, 06/29/2011 - 12:08

Investors in bad Bank of America loans won an $8.5 billion settlement Wednesday. Homeowners on the other end of those loans have less to cheer about.

By John W Schoen.


 

Job pickup not enough to aid Obama

MSNBC.com: Business  Fri, 05/06/2011 - 07:19

Why is this man smiling?<br /><br />The nation's economy created a higher-than-expected 244,000 jobs in April, but it's still not enough to bring jobs up to what's considered normal at this stage of a recovery.President Barack Obama's bounce in the polls following bin Laden's death will be tested by continued signs of a weak economic recovery.

By John W.


 

Why your inflation rate differs from Uncle Sam's

MSNBC.com: Business  Fri, 04/22/2011 - 05:35

If the Consumer Price Index is up 2.7 percent for the year, your cost of living has risen by that much, right?

Not exactly.  Eye on the Economy. By John. W. Schoen.



 

Renewed housing drop weighs on economy

MSNBC.com: Business  Tue, 03/29/2011 - 12:46

With job growth just beginning to rebound and consumers gloomy about their prospects, a “double dip” in housing could put the wider economic recovery at risk. By John W SChoen.


 

Why housing might be even worse than you think

MSNBC.com: Business  Fri, 03/25/2011 - 08:42

Sales of both existing homes and new homes fell sharply in February, accroding to reports out this week.<br /><br />The latest numbers show the housing market remains mired in a deep slump. In fact,  it may be in much worse shape than those number suggest.  By John W.

Schoen.



 

Lenders face mounting mortgage claims

MSNBC.com: Business  Tue, 11/09/2010 - 06:34

Mortgage lenders foreclosing on record numbers of homeowners now face a potentially more formidable adversary: investors who bought bonds backed by bad loans.

By John W. Schoen.


 

GDP data may overstate economy's health

MSNBC.com: Business  Fri, 01/29/2010 - 15:31

The U.S. economy turned in a surprisingly good performance in the fourth quarter, surging by 5.7 percent, according to government data.

Or did it? By John W. Schoen.


 

Flaws plague foreclosure relief program

MSNBC.com: Business  Tue, 01/26/2010 - 08:59

Courtney Scott, who lives in the Atlanta area, is "more confused than ever" after battling for two years to save her home from foreclosure.<br /><br />Ten months into the government’s third program to stop a record wave of foreclosures, the latest effort is falling far short of its goal.

By John W. Schoen



 

Profit pressures could stall stock market rally

MSNBC.com: Business  Wed, 10/07/2009 - 11:18

The stock market is betting that the recovery is taking off and will result in higher corporate earnings.<br /><br />It had better be right.The stock market's recent rally has been based on expectations for a pick up in profits.

If they don't materialize, the market could be headed for a fall.  By msnbc.com's John W. Schoen.


 

Answer Desk: The shrinking dollar

Newsvine - business  Sun, 09/27/2009 - 15:58

The recent drop in the value of the dollar has been a good thing for U.S. exporters. But if the currency falls too far, the consequences could be serious.

The Answer Desk, by John W. Schoen.