BofA Exits Reverse Mortgage, Slow Growth Ahead, More Banks Fail – 02.07.11

www.TalkReverse.com – Reverse Mortgage, Real Estate and Financial Updates and More…

Bank economists see slow growth in NC economy

Bank economists see slow growth in NC economy
RALEIGH, N.C. (AP) — A bank economist says North Carolina’s economy is slowly recovering from the Great Recession. Wells Fargo economist Jon Silvia says the recovery is not as fast as after previous economic slumps.
Read more on The Daily Reflector

Consumers glum as wage growth stalls

Consumers glum as wage growth stalls
Annual wage growth has slipped a notch and consumers are hardly cock-a-hoop about last week’s federal budget, but at least interest rates look like holding steady for a few more months.Fears that the …
Read more on Yahoo!7 Finance

Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth

Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth
The move is an effort to nurture a fragile recovery ahead of the battles that will dominate national politics over the next two years.
Read more on New York Times

Business update: Fed paints weaker picture of growth – Wed, 14 Jul 2010 PST

Business update: Fed paints weaker picture of growth – Wed, 14 Jul 2010 PST
Federal Reserve officials have a slightly dimmer view of the economy than they did in April, reflecting worries about how the European debt crisis could affect U.S. growth and job prospects.
Read more on The Spokesman-Review

U.S. private-sector job growth lags in June

U.S. private-sector job growth lags in June
The year began with high hopes, in part because Washington spent hundreds of billions of dollars on homeowner tax credits, automaker bailouts and public-works spending meant to stimulate the economy. But the stimulus appears to be wearing off.
Read more on Milwaukee Journal Sentinel