interest rates rise

Suddenly, Bonds are Riskier than Stocks

Bonds have outperformed stocks over the last 30-year period, but things are changing and bonds are no longer the safe haven they once were. In fact, bonds already look overvalued, and if rock-bottom interest rates keep moving higher, bond funds could plunge.

How the Debt Downgrade Will Trickle Down

By itself, the S&P downgrade doesn't mean much to the average citizen. The real risk to the public is devaluation, due to the printing of dollars to make servicing the debt easier. Such a course of action by the government could lead to higher interest rates and greater costs of imported goods.

What's Behind the Drop in Mortgage Applications?

The Mortgage Bankers Association said mortgage applicatins dropped 10.5% last week, the biggest drop in four months. Elsewhere -- housing starts and homebuilder confidence -- signs are more hopeful. But the mortgage mess could be a spoiler.