Billionaire Paulson Persisting With Property as Prices Rebound: Mortgages
“It's the second-most compelling opportunity for hedge funds by far,” trailing only speculation on the pace of repayments in mortgage securities backed by the US government. One benchmark gauge of commercial-mortgage debt has jumped 6.6 cents to 63.2 …
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Don't deny human factor of economy
In short, the concerns of the pastoral letter are still with us today. High unemployment, foreclosures and our ever-growing debt remain obstacles to full participation in the country's economic life. We need all of the institutions of our society …
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Investors chase US muni bond returns
By Nicole Bullock in New York Investors are pouring cash into US municipal bond funds, lured by recent high returns for the debt of states, local governments and other municipal bodies. US mutual and exchange-traded funds that buy “munis” had net …
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