Monday Morning News Round Up

Posted on March 24, 2008 No Comments

Today’s concerning news round-up for 20-somethings follows…

Student lenders can’t offer loans right now (crap). The Wall Street Journal says, “The wave of student lenders backing out of giving federally backed student loans is growing.”

The Journal also notes that “Woes in condo market build as new supply floods cities,” and that “Chicago Fed data suggests a recession.” (Hmm… should we consult the hemlines on this one? My skirt is below the knee this morning, for what it’s worth.)

For what it’s worth, there is some good news… the NY Times reports that exisiting home sales rose slightly in February, prompted by rate changes. (Though prices have fallen.)

The Times also cautions the regular folks not to freak out about all the financial drama in the news lately … apparently we shouldn’t do anything impulsive because our collective decisions will only get worse if prompted by what we see on the news. Instead, the author is urging a thoughtful review of our spending and saving habits. (That’s never a bad thing.)

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