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Wednesday, August 1, 2012

Personal Finance Daily: Top consumer complaints include real estate

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MarketWatch
Personal Finance Daily
AUGUST 01, 2012

Wednesday's Personal Finance Stories

By MarketWatch

Personal Finance Daily
powered by ad choices


Don't miss these top stories:

Several real-estate issues made a top 10 list of the biggest consumer complaints, assembled by two consumer organizations. The complaints weren't only mortgage-related either.

Real-estate related complaints also involved fraudulent schemes made possible by the foreclosure crisis, as well as scams related to timeshares, as Jennifer Waters writes in her Consumer Confidential column today.

Read Jennifer's story, plus check out Robert Powell's column about investing in muni bonds in an environment of public bankruptcies. And don't miss this month's Trading Strategies , where, in the spirit of the Olympics, gold medals are awarded to some of the best picks over the past year.

Amy Hoak , Personal Finance writer

Real estate on top 10 list of consumer complaints

Bad guys pose as owners of foreclosed property to unsuspecting renters is latest consumer scam.
Real estate on top 10 list of consumer complaints.


Worried about bonds and bankruptcies?

Which muni bonds are good? Which should you avoid?
Worried about bonds and bankruptcies?


ECONOMY AND POLITICS

U.S. adds 163,000 private-sector jobs, ADP says

Job growth in the private sector ticks down in July, according to an employment report released Wednesday by payrolls-processor Automatic Data Processing Inc.
U.S. adds 163,000 private-sector jobs, ADP says.


Construction spending up 0.4% in June

A jump in house building helped lift U.S. construction spending in June, the Commerce Department said Wednesday.
Construction spending up 0.4% in June


How to keep the young unemployed

If Congress and the administration wanted to keep the young and unskilled out of work, how would they do that?
How to keep the young unemployed


The depression is here — it's just invisible

Our policy makers didn't avoid a depression, they just made it invisible, says Al Lewis.
The depression is here — it's just invisible.


Treasury to sell floating-rate notes

The Treasury Department announced Wednesday it plans to sell floating-rate notes with the first auction at least one year away. Treasury announced the addition as it detailed plans to sell $72 billion in notes and bonds next week.
Treasury to sell floating-rate notes


Manufacturers see little improvement in July

The latest snapshot of the U.S. manufacturing industry suggests that growth has cooled off considerably over the past few months, with companies scaling back plans to hire more workers.
Manufacturers see little improvement in July


EU's poorest countries shun euro membership

The European Union's poorest members, who once looked to joining the euro as a symbol of prestige, are now shunning the crisis-ridden currency.
EU's poorest countries shun euro membership.


INVESTING

Buy farms and food: Grantham

Jeremy Grantham, chief investment strategist of Boston-based institutional money manager GMO, envisions a future of scarce resources, where food and the means to produce it is the coin of an unstable realm.
Buy farms and food: Grantham.


Warning signs when global investors stay home

But now there are signs that this rapid growth has stalled. For the sake of the global economy, that's a worry.
Warning signs when global investors stay home.


It's about time to buy burnt-out European stocks

If you want to buy some very cheap equities that are good long-term value the Italian and Spanish markets may be the ones to go for right now, writes Matthew Lynn.
It's about time to buy burnt-out European stocks


Are we in a Kids' Market?

Is it a "Kids' Market"? That's an important question to ask any time, since the answer has profound implications for whether you should seek out an older or younger investment adviser, writes Mark Hulbert.
Are we in a Kids' Market?


Learning from Facebook's IPO flop

Investors interested in new Internet companies need to understand why valuations aren't driving any of these stocks right now, and where the opportunities lie, writes Conor Sen.
Learning from Facebook's IPO flop.


Grow your portfolio with fertilizer stocks

There are ways to profit off of the worst drought in years, writes Michael Kahn.
Grow your portfolio with fertilizer stocks.


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