Jan 23, 2010

Vanguard weekly update (1/23/10)

According to the Vanguard weekly update, bonds and stocks tumbled this week after a proposal by the Obama administration to impose new regulations on the banking sector. The economy continued to send mixed signals, including a surprising 4% decline in new housing starts and a spike in jobless claims. Meanwhile, on a positive note, the Conference Board's index of leading indicators rose for the ninth month in a row. For more details on this please check http://www.vanguard.com/econweek012210.

It goes without saying that job creation should be at the center of the recovery for things to look up long term. The incentives provided by the administration have provided the shot in the arm for job growth (if not arresting the decline) and economists and businesses like Privo Corporation (where mortgage home loan processing is an important activity) are hoping that these will provide the momentum for the general market to improve. For more information on mortgage loan processing and how PrivoCorp helps closes loans faster - check out our website @ privocorp.com

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