homecomings financial
Foreclosures up sharply in city, county
When Tina and Edward Aldrich bought their home in Dogtown 22 years ago, Edward was a union steelworker with a steady job. But the loss of that job and other setbacks prompted the Aldriches to refinance their mortgage four times. Now, they are among ...
And that seems likely to continue. Tuesday's bad economic news, and the sharp selloff that resulted, are the latest signs that the stock-market decline is still going on. That's essentially what has been happening since the start of 2008, as subprime fallout led to recession anxiety. Fears of a recession are rising. And experts question whether the Federal Reserve's big interest-rate cuts are enough to save the economy. Volatility. That's the one thing that seems predictable in today's stock market. Does that mean you need to be doing a dozen things right now to protect your investments? The Federal Reserve's large interest rate cut on Tuesday is just the latest sign that experts think the economy is heading straight for recession. Share prices are swinging up and down more violently than they have anytime in the past five years. But not every market sector faces the same problems and uncertainties. The stock market is in turmoil. Really
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