2014-04-10 06:23:00 by Metro Networks, Inc.
Markets rallied yesterday as the Federal Reserve continues to reassure investors that while interest rates will go up one day it will not be soon. While we slept China reported their exports declined 6.6% and imports declined 11.3%. (CNBC)
New claims for unemployment fell 32,000 to 300,000 a new cycle low and good news on the job front. (Fox Business News)
Part of the new American energy renaissance could be becoming a major energy supplier to China. China is a major consumer of LPG (Liquefied Petroleum Gas) which we have ample supplies. Currently the US bans the exports of crude oil but there are no limits on LPG. Exports of LPG could triple by 2020. (Reuters)
US foreclosures are at their lowest levels since mid-2007 and have been falling for 42 straight months. Currently banks are holding about half a million homes they have already foreclosed upon. Of these bank owned properties 10% are listed for sale and half are occupied by the former homeowners or a renter. (Reuters)
A whopping 48% of Americans don’t have enough savings to last even a month without a paycheck. The silver lining is of those who have savings more than half of them say they could make it more than 8-months without a paycheck. (RetailMeNot.com)