The political wrangling over US debt and lack of progress in finding a way out may hammer stocks in the coming week. Earnings for most companies could fade over debt ceiling issues if house and senate do not react soon. Despite all the negotiations b

Home prices are down and mortgage rates have gone down; this is best time to purchase a home but for most people this is not the prime time to buy a home. With a higher down payment and good credit score buyers are capable of getting lower mortgage r

Many home owners are being forced to foreclose their homes because the banks are declining to offer adjustable rate mortgages en masse. With homeowners unable to meet their monthly payments, the blame seems to be heading towards the Treasury Departme

More consumers are receiving email receipts from big chain retailers, some consumers are thrilled of the idea of not having bulk of receipts in their wallets while some wary of being bombarded with junk mail and offers when asked for their email addr

StateOfTheEconomy tracks the latest economic trends, we are new and working hard to know our would be readers. Most of our posts will be in question format or brief summaries of current economic events. We look forward to providing you with useful re

Trading activity has been weak and Wall Street has been overhauling its payment practices. Large trading houses may see 15 percent to 20 percent in compensation being cut. Compensation is the biggest cost in Wall Street and it’s the toughest to tac

Wells Fargo is paying for mortgage backed securities that it sold in 2005 and 2006; the mortgage backed securities were poorly written to investors, payment will go towards investors and a group pension funds. Wells Fargo has denied any wrong doing,

Payday shops traditionally provide high interest loans that are due on payday to customers who cannot obtain loans from traditional lenders. Ezcorp, Inc. a pawn shop operator has seen its profit jump 46 percent for the last five years. Well, pawn sho

Treasury secretary Tim Geithner Sunday appeared on television reiterating that President Obama has not given up deal in which $4 trillion deficit cutting bill will be part of the the deal to raise debt ceiling. Per Geithner the President is trying to

Can the European Stability Mechanism bailout Italy? Well doubts are roaming in the financial circles that the crisis is too mega for the European body to handle.  The lack of confidence in the finance minister, banks, and growing yields has aroused