Tag Archives: ucla economist

Recession Reshapes California’s Housing Market

Americans are no longer thrilled to extend their debts. For the last six months, the amount we owe on credit cards, auto loans and other forms of consumer loans dropped, according to the Federal Reserve. That’s the longest decline since … Continue reading

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Further Rate Cuts Unlikely

From the Press-Enterprise: The Fed started lowering its federal funds rate about a year ago and had dropped it from 5.25 percent to 2 percent in an attempt to stimulate an economy battered by bad housing loans. Its meeting today … Continue reading

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