Welcome to hump day! Today’s news cycle has been dominated by the Clinton/Obama race, but that doesn’t mean there isn’t recession-related news to bring to you. Today’s news has been a slew of positive spin. Here’s some of the headlines.

• The Daily Telegraph reports that US Money Market Fund Blackrock is buying the subprime mortgage debt from UBS. $15 Billion worth. Basically, Blackrock is betting we’ve hit the bottom of the subprime mess. The investment helps improve liquidity and may be a signal of the end of the crisis.
• Barrons: Take a Recess on the Recession Talk
• NUWire’s InvestorCentric Blog: The Benefits of Recession When there’s a recession or economic downturn, things usually get cheaper. Stocks, homes, products, etc. Of course, we still need to worry about inflation.
• Wall Street Journal: The Housing Crisis is Over (this is from yesterday, but I wanted to bring this good piece in as well)

Optimism continues to bubble up in spurts. We’ll continue to watch the news and blogosphere for trends and indications of what could happen next.

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Filed under News and Analysis, news roundup