Wednesday, September 2, 2009

Your Cell Phone Bars-of-Service Indicator Doesn't Really Mean Much

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PC World Article


Calculated Risk: CNBC: What Banks are doing with Foreclosures

Calculated Risk: CNBC: What Banks are doing with Foreclosures
For the rest of 2009, the demand for housing will be significantly artificially inflated by the $8000 tax credit the government is providing for new home buyers. As we have seen in the Cash for Clunkers program, demand will fall off a cliff after the program expires (unless Congress passes an extension to the home buying credit, but they didn't extend Cash for Clunkers, so they probably won't extend the home buying credit)
With the waves of foreclosures happening later this year and in early 2010 at the same time the homebuyer credit expires, there will be a rising supply and a falling demand. This means that prices must drop to a point where supply can meet demand.

Economist's View: "The Savings Rate Has Recovered…if You Ignore the Bottom 99%"

Economist's View: "The Savings Rate Has Recovered…if You Ignore the Bottom 99%"