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Deluge of mortgage interest rate resets ahead
"The ARM resets will hit hard the subprime borrowers and therefore we have a huge amount of trouble ahead of us," said Torsten Slok, senior economist at Deutsche Bank in New York.
ISM® Manufacturing index Decreased to 47.9% in December; "Lowest Reading of
2025"
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(Posted with permission). The ISM manufacturing index indicated
contraction. The PMI® was at 47.9% in December, down from 48.2% in
November. The employment...
3 hours ago
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