Where’s The Bottom?

Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.

Rental yields 2009 winners

Charlotte Cossar
Editor – realestate.com.au
 
Investors can look forward to a good 2009 with rental yields looking to perform well this year thanks to a rental squeeze, low interest rates and property prices.

It is been a while coming and for many investors the notion of owning properties that could be cashflow positive was a pleasant, if not, fleeting thought. This year it looks like the tables are about to turn with many cashed-up investors being able to snag properties returning decent rental yields. Read the rest »

Housing Crisis – Stock Market News

Caterpillar Profits Plummet, Nearly 20% of Jobs Eliminated.

Caterpillar, the world’s largest maker of construction equipment and other heavy machinery, has come across quite a few roadblocks recently. The current economic situation as well as the housing crisis has affected some companies more than others, and Caterpillar has become one of the recent casualties.

No one has expected that Caterpillar would be hit so hard; some are saying that things haven’t been this bad for the company since World War II. Read the rest »