August 10, 2011

Wall Street’s roller coaster ride of the past week is climbing a big hill again after stocks rallied in part on news that low interest rates are here to stay for the next two years. The Federal Reserve, which usually set interest rates only a few months at a time, said  it would keep the current benchmark rate at record lows until mid-2013. Source Link

The sound you may be hearing soon could be the housing market hitting bottom. A new report says prices for homes have continued to fall in eight out of ten American cities. But the same report predicts a broad-based recovery for housing that will begin in early 2012 and could see prices increase by nearly three percent by early 2013. Source Link
 
When it comes to how we watch movies on DVD, the latest figures show there are even fewer buyers, and renters are now choosing bright-colored boxes over bricks-and-mortar. For the first time, low-cost kiosks have surpassed traditional video stores in rental revenue. In the absence of any big blockbusters, DVD sales were down 18% in the first six months of the year. Source Link