U.S. Economy Expanded at a Revised 4% Annual Rate
Aug. 30 (Bloomberg) -- The U.S. economy expanded in the second quarter at the fastest pace in more than a year as exports surged and business spending accelerated.
Growth was revised up to a 4 percent annual rate, according to a report today from the Commerce Department in Washington. The median forecast of economists polled by Bloomberg News was 4.1 percent. The economy grew at a 0.6 percent pace in the first quarter.
http://www.bloomberg.com/apps/…d=axLyKklbSr6w&refer=home
Die US-Lokomotive rollt wieder auf Volltouren.
Bank of England Loaned 1.6 Billion Pounds at 6.75%
Aug. 30 (Bloomberg) -- The Bank of England, acting as the lender of last resort, extended 1.6 billion pounds ($3.2 billion) at its highest rate, suggesting commercial banks are reluctant to provide credit after the collapse of the U.S. subprime-mortgage market.
The money lent at the 6.75 percent penalty rate yesterday was the most since July 2, when the central bank advanced 1.93 billion pounds under the standing facility. The facility was last tapped on Aug. 20, when Barclays Plc borrowed 314 million pounds after a loan from HSBC Holdings Plc was delayed. The central bank declined to identity the borrower.
http://www.bloomberg.com/apps/…d=aFYH1NWj806w&refer=home
Der Zinssatz ist nicht ohne!
Freddie Mac Net Drops on Provision for Housing Slump
Aug. 30 (Bloomberg) -- Freddie Mac, the second-biggest U.S. mortgage finance company, reported second-quarter profit fell 45 percent after setting aside $320 million for losses from the worst housing slump in 16 years.
Net income declined to $764 million, or $1.02 a share, from $1.4 billion, or $1.93, a year earlier, McLean, Virginia-based Freddie Mac said today in a statement. Revenue dropped 4.8 percent to $2.26 billion.
http://www.bloomberg.com/apps/…d=af87L5xSApF4&refer=home
Man bedenke: die Bilanz sollte schon vor 7 Tagen erscheinen und wurde aus diversen Gründen verschoben