Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNAs Schenk quoted in IMarketWatchI on housing starts prices
MADISON, Wis. (12/17/08)--A Credit Union National Association (CUNA) economist was quoted in two separate MarketWatch stories Tuesday regarding lower numbers of U.S. housing starts, and a falling consumer price index. New housing starts fell 18.9% in November to a seasonally adjusted rate of 625,000--the lowest rate since 1959 when the Commerce Department started keeping such records, MarketWatch said. “The market needs to be clear,” Mike Schenk, CUNA senior economist, told the newspaper. “But this is bad news; it’ll be a painful process, and many more people will be out of work.” Also, U.S. consumer prices dropped in November at the fastest rate since 1932, due to declining prices of energy, commodities and airline fares during the month, the Labor Department reported Tuesday. “This is scary stuff,” Schenk told the paper. “We are teetering on the brink of a massive downward spiral. Deflation is a threat.”
Other Resources

RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
4 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
4 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
5 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
6 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
7 hours ago