FINANCIAL NEWS
Uranium Mining Stocks:
The financial news of the current status in the United States, predicts the uranium mining stocks are destined to grow at very fast pace, giving good returns to the investors. The prices are anticipated to be high because of the fact that more and more mutual funds, hedge funds and individual investors are gunning for higher returns from the current boom in the uranium mining industry. Cameco is going to get the lion’s share of the investments. The Strathmore mineral corporation is also set to gain on account of their projects in the worlds richest uranium producing areas. Strathmore’s exploring of the unexplored areas has provided evidence of rich uranium deposits in the Athabasca Basin. All this augur well from the investor point of view.
U.S. Sub-Prime Loan Crisis:
Between the years 2002 and 2004, the rates of interest in the United States were very low. There was a real estate boom due to such low interest rates which was financed through the sub-prime loans. The borrowers of these loans were often people with a weak credit history. But the banks did not worry as the rates of interest were low. Some banks converted these loans into bonds. These bonds were sold to mutual funds and insurance companies. But in the year 2006, the rates of interest in the United States stared to rise resulting in the non payment of installments by the customers. On account of this, the sub-prime loans started to collapse. This collapse has resulted in a financial crisis in America for investors as well as the stock market. |
