Are Money Market Funds in Danger?
At issue is whether the hefty exposure of money market funds to European debt securities, especially as Greece's economy wobbles under the weight of its problems, make those funds vulnerable to “breaking the buck,” which in turn could lead to a run on the funds.
Home Affordability Is Highest in 40 Years: Beacon Economics
In August, U.S. homes were at their most affordable level since data became available in 1969, according to a new index by Beacon Economics, a Los Angeles-based macroeconomic forecaster.
Young people are not saving for their future. Drs. Christopher Thornberg and Jon Haveman of Beacon Economics, based in Los Angeles, released a study in...