US Government insurance for about $300 billion in troubled mortgages will boost US economy, housing market, lumber futures and US Dollar
Kirsten McLauren
May 8, 2008

Differences between the White House and Democrats in Congress over proposed housing-market legislation is being resolved secretly. Both sides are eager to pass the measures to boost the US economy now.

The bill is aimed at encouraging lenders to reduce the principal on troubled mortgage loans in exchange for a guarantee of repayment from the Federal Housing Administration in the form of insurance on the loan. Struggling homeowners would get lower monthly payments to increase their chances of avoiding foreclosure.

It will produce a phenomenal boost to the US economy, real estate market, the US Dollar, the lumber futures and the new home sales.

The Whitehouse and the lawmakers are eager to get the unsold inventory out of the market to boost the US economy. Expanding FHA to help struggling homeowners is a goal the White House shares with congressional Democrats, it noted in its veto warning. The Bush administration has taken administrative steps to start doing the same thing, on a smaller scale.

US Government insurance for about $300 billion in troubled mortgages will boost US economy, housing market, lumber futures and US Dollar
Kirsten McLauren
It will produce a phenomenal boost to the US economy, real estate market, the US Dollar, the lumber futures and the new home sales.
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ECB and Bank of England holds rate while shifting bias towards a stronger dollar – US Fed agrees
Sam Adelton
ECB and bank of England ion the next several months will lower artes substantially. At the same time US Federal Reserve will keep rate at the same level. All central banks will inject preferential liquidity to influence higher dollar.
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Asian governments plan to discard international Monetary Fund by creating a $80 billion pool in case of emergency
Media Release
Finance ministers from 13 Asian nations agreed to create a pool at least $80 billion in foreign- exchange reserves to be tapped by nations in case they need to protect currencies.
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US economic downturn decelerating as trade balance stabilizes – bullish for US Dollar
Sam Adelton
At the same time, the data will show that the US trade balance has stabilized and is actually improving. All this is bullish for US Dollar.
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Democratic party super delegates moves stealthily towards Obama – Illinois Senator is the nominee
Hrithik Ratnagar
The super delegate count is slowly moving towards that magic number required to make Obama the nominee. Secretly many super delegates have tilted towards the Illinois Senator recently.
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Fed cut rates but indicates reversal of fiscal policies – bullish for dollar and bearish for gold
Kirsten McLauren
The Federal Reserve cut interest rates by a quarter percentage point to 2 per cent on Wednesday and signalled its preference to pause at its next meeting in June.
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European union predicts stagflation – what is the effect on euro and dollar?
Teddy Carlos
European Union says Europe was far from a recession, even as it noted that global trade is slowing markedly and the U.S. is on the brink of a major recession that would hurt exporters.
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