Is South Korea following in America's footsteps when it comes to household debt? South Korea's central bank recently announced plans to help citizens there with large amounts of debt by changing monetary policy. The new rules would discouraged additional borrowing. "To guide a soft landing in household … [Read more...]
US Stocks Gaining Momentum
March 30, 2009 By Leave a Comment
Recent surges on Wall Street come as pleasant surprise to many. Thanks in part to the excellent earnings of consumer brands like Best Buy, ConAgra Foods, and Dr Pepper Snapple Group, stock prices are on the rise. This resurgence has undoubtedly been aided by the Treasury Department's recent debt auction. … [Read more...]