(AFX UK Focus) 2009-03-26 15:50 UPDATE 2-U.S. mortgage rates drop to new low - Freddie Mac (Interactive Investor)
(AFX UK Focus) 2009-03-26 15:50 UPDATE 2-U.S. mortgage rates drop to new low - Freddie Mac (Interactive Investor)
By Julie Haviv
This doesn’t add up
March 24, 2009 – 2:56 pm From Joe Castellino, chairman, JHL Action Group. THE maths at Jersey Home Loans does not add up.In the published accounts of JHL’s parent business, Kent Reliance, their total assets under management went from £2.1 billion to £2.3 billion from 2007 to 2008, a modest rise.However, let us be clear – their profits in the same period from 2007 to 2008 went from £5.7 million to £12.6 million. Their profits have never been higher and have doubled since last year. Do Jersey resi
Quantitative Easing Begins; “Operation Twist” Revisited
Quantitative easing in the US has begun. The Fed Buys $7.5 Billion of Debt to Cut Borrowing Costs . The Federal Reserve bought $7.5 billion of Treasuries in the first outright purchase of U.S. government debt by the central bank to keep consumer borrowing costs low since the 1960s. It is the first step in a six-month program to buy up to $300 billion in Treasuries. The Fed joins central banks in the U.K. and Japan in extraordinary purchases of government debt, broadening efforts to unfreeze c