Are you keeping score of the presidential nominees' economic policies? Or do you view the contest simply as an endgame -- waiting to see who wins, and who loses?
Monday, September 1, 2008
Job concerns this Labor Day Terry Savage: Labor Day is the day we take a break from our labor to honor those who work. The first Labor Day holiday was celebrated Tuesday, Sept. 5, 1882, in New York City, a celebration that was created by the Central Labor Union. Two years later, the date was fixed as the first Monday in September.
It's tough to get a mortgage today -- but that's not news. Every financial institution is tightening lending standards and requiring a higher down payment and raising interest rates. Well, almost every lender is doing that. But if you're a veteran who has been honorably discharged from the military, you can get a great deal on a home loan.
When should you sell? That's the most difficult question for a buy-and-hold investor to answer. It's so much easier to think about buying stocks, which only requires a basic optimism that future growth will create wealth. Who wants to think about selling -- a decision that is far down the road?
Where did all the money go? Fannie Mae lost $2.3 BILLION in the last three months, and its cousin Freddie Mac lost nearly $1 billion, bringing its one-year total loss to nearly $5 billion.
