16 October 2008

A 6 theme in financial news

Of course, there was more in the financial crisis news this week than the number 6 but that's the number that kept popping up in stories I read today. Here are the 6s....

Today's unemployment rate is 6.1% and Bill Gates says that might climb to 9%.

Intel woke up this morning with some recovery to its 6% loss the day before.

Fannie Mae mortgage securities' yields increased to 6.09%.

In a week's time, 30-year fixed-rate mortgages' average rate rose from 6.06% to 6.75%.

Municipal bond yields rose to 6.74%.

Worldwide, bank losses top $600 billion. An IMF analysis predicts more ahead, in the $800 billion range.

In the past year, U.S. household net worth dropped $6 trillion. About 1/6 of that drop occurred in the past month.

© 2008 Mary Bold, PhD, CFLE. The content of this blog or related web sites created by Mary Bold (www.marybold.com, www.boldproductions.com, College Intern Blog) is not under any circumstances to be regarded as professional, legal, financial, or medical advice. Or education advice. Or marital advice. Or even a tip.

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