Treasuries Advance for Fourth Week Amid Economic Recovery Concern, Greece

Treasuries rose for a fourth week, pushing 30-year bond yields to the lowest level since December, as a plunge in commodities reduced concern inflation will climb and investors sought a refuge from Greece’s debt crisis.

U.S. two-year note yields dropped yesterday to the lowest level since March after reports European finance officials were in Luxembourg for an unscheduled meeting that may address restructuring Greek debt. Treasury yields had risen earlier yesterday after a government report showed payrolls accelerated in April in the biggest gain since May 2010. A report next week may show retail sales rose for a 10th straight month.

Soaring administrations cast fresh doubts on recovery

Corporate administrations in England and Wales have soared this quarter, jumping 22% since Q4 2010, statistics published today by the Insolvency Service reveal.

Highlighting this worrying trend has been the recent, high profile administration of DIY giants, Focus DIY, which recently colllapsed. The business is now being administered by Earnst & Young and it is expected that up to 4,000 could be lost.

Building industry can lead way to enconomic recovery

John Elliott, managing director of Millwood Homes, right, explains why now is the right time to start building a recovery.

Housebuilding is vital to our recovery as a nation since construction is one of the best ways to stimulate economic activity - each £1 spent generates a total of £2.84 in economic activity.

Sage on a Way to Recovery

According to the first half results of software giant Sage, after being badly affected by the downturn, it has initiated the process of its recovery.

As revealed by those unaudited accounts, there now exist organic growth, pre-tax profit, debt reduction and increased revenue.

Warren Buffet Weighs in on Status of Economic Recovery, Lubrizol and David Sokol

Warren Buffet, the ‘Oracle of Omaha,’ recently faced weary shareholders of Berkshire Hathaway this past weekend for an update on the outlook of the conglomerate. Questions from shareholders indicated the anxiety was a largely a result of the recent Standard & Poor’s Index put the U.S. government’s credit rating on a “negative credit watch,” according to Reuters. Mr. Buffet responded by saying that the Standard & Poor’s decision was hasty, as the US government can print more money to pay down the debt if absolutely necessary. As a result, he went on to say that it was an economic certainty that the dollar would fall; however, it is variable as to how fast and soon this will occur.