Oil steadies near four-year low as glut looms after OPEC

Posted November 28, 2014 / No comments

LONDON (Reuters) – Brent crude oil steadied above $73 a barrel on Friday after hitting a fresh four-year low in the wake of OPEC’s decision not to cut output, a move investors said would leave oil markets heavily oversupplied….(read more) Forward this article via email:  Send a copy of this story to someone you know that

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How Much Do Neighborhoods Influence Future Earnings?

Posted November 28, 2014 / No comments

The potential impact on lifetime earnings between growing up in a well-to-do neighborhood and a poor neighborhood is potentially larger than the difference between the earnings of the average college and high school graduate, according to a new study on social mobility….(read more) Forward this article via email:  Send a copy of this story to someone

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Euro zone November inflation dips 0.3% year-on-year

Posted November 28, 2014 / No comments

Read More Europe’s economy faces three major risks: Draghi. Read More Europe’s bond yields slide on hopes of ECB QE. Read More French, German economists’ plan to beat’ stagnation’….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Bond Gains Push Yields to Record Lows Across Europe Before CPI – Bloomberg

Posted November 28, 2014 / No comments

Bond Gains Push Yields to Record Lows Across Europe Before CPI Bloomberg Euro-area government bonds advanced, pushing yields across the region to record lows, before a report economists said will show inflation matched a five-year low in November. Italian 10-year yields approached 2 percent before the data as investors … and more »…(read more) Forward this article

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Yellen's 'optimal' model calls for rate hike this year, in theory

Posted November 26, 2014 / No comments

WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen’s own priorities points to a rate increase by the end of this year….(read more) Forward this article via email:  Send a copy of this

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