US Consumer Spending Increases for 2nd Straight Month
The US Commerce Department reported today that consumer spending increased 0.2 percent in February, matching expectations. This follows January’s big jump in spending of 1 percent which almost doubled the projections of 0.6 growth. More
UK House Prices Losing Value at an Accelerated Pace
UK House prices fell another 2 percent in February pushing the annual rate of loss to 16.5 percent – at an average property value of £153,862 ($223,960 USD), this represents a loss of £30,351 ($20,857 USD). More
Euro Falls to the Dollar
The dollar gained on the Euro in Asia and Europe as stock markets in the region fell into negative territory. By mid-day in London, the euro dropped to 1.3432 dollars from 1.3525 dollars. More
Obama May Face Criticism at G20
Barack Obama will use the upcoming G20 Summit as his first foray onto the world stage since becoming President in January. While he is sure to receive a cordial welcome, there is a great likelihood that he will face some backlash form European leaders opposed the President’s calls for further government spending. More
