Economy, Markets Outperform Expectations

by Anirban Basu 12. April 2013
A Record-Setting First Quarter Simply put, the first quarter of 2013 was a fabulous one for U.S. equity investors. The S&P 500 Index, the Dow Jones Industrial Average (DIJA), and the Nasdaq all ended the first quarter of 2013 on a resounding note. The Dow Jones was up 11 percent during the first quarter to 14,578.58– its best first-quarter performance in 15 years. The S&P 500 rose 10 percent to 1,569.19 while the Nasdaq rose 8.2 percent to 3,267.52. Both the S&P 500 and the ... [More]

Out of the Frying Pan, into the Fire

by Anirban Basu 16. January 2013
U.S. Avoids Fiscal Cliff but Familiar Challenges Remain With the noteworthy exception of the nation’s still expanding national debt, 2012 will be viewed by economic historians as predominantly a year of progress. Financial markets performed, the number of jobs expanded, unemployment fell, auto sales surged, housing prices stabilized and consumers were active. According to the most recently revised estimate supplied by the Bureau of Economic Analysis, national gross domestic product expan... [More]

Housing Market Slowly Reviving

by Anirban Basu 24. October 2012
Home Sales Prices on the Rise in Maryland A recent survey indicates that America’s optimism regarding the housing market’s recovery has improved significantly. According to Fannie Mae’s September 2012 National Housing Survey, a monthly poll of 1,000 homeowners and renters, more respondents expect home prices to rise in the next year (37 percent) and the share anticipating declining home prices is down to 11 percent. It is worth noting that such attitudes tend to become self-fu... [More]


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