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Wednesday, May 23, 2012

Financial News 05/23/2012

CBO: CBO forecasts policy linked economic contraction in 2013
BI: Tech IPO overpricing trend evident in LNKD, ZNGA, YELP & FB
CNN Money: Property values rising fastest in Madera, CA & Medford, OR
• Reuters: Federal judge dismisses SEC securities fraud accusations
Daily Finance: Former Olympic athlete turns to minimalism to pay off debt
MW: Dollar Index reaches 1 yr high, reaches 82
NAR: April existing home sales rose marginally, remains near historic lows
Bloomberg: UK April sales drop 2.3%; net inflation over wages 2.4%
World Bank: Developing Asian economies to grow 7.6%, slower than 2011
WP: Fitch rating agency downgrades Japan due to high national debt
AP: Stock markets around the world resume slide after brief rally on Monday

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