Demand for rental property up - 2004-02-25
Demand for rental property has climbed to its strongest since mid-2000 as first-time property buyers are opting for renting because of sky-high house prices, a report says.

British house prices have jumped by over 50 percent in the past three years, helped by "buy-to-let" investors piling into rental property as an alternative to stocks or bonds. Also helping demand is historically low mortgage rates.
Read the full story at Reuters

Fed's Gramlich warns on higher U.S. debts - 2004-02-25
Federal Reserve Board Governor Edward Gramlich indicated Wednesday that large, persistent U.S. budget and trade deficits could lead to sizeable economic adjustments worldwide, and suggested a fiscal belt-tightening was in order.

Once the U.S. economy gets through the credibility range, interest rates on the increasing government debt will have to rise to induce people to hold the debt," Gramlich said.
Read the full story at Forbes