Comments on: Poll: What is the chance the housing tax credit gets extended/expanded? http://seattlebubble.com/blog/2009/10/11/poll-what-is-the-chance-the-housing-tax-credit-gets-extendedexpanded/ local real estate news, statistics, and commentary without the sales spin. Sat, 20 Mar 2010 07:48:56 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Matsayswhathttp://seattlebubble.com/blog/2009/10/11/poll-what-is-the-chance-the-housing-tax-credit-gets-extendedexpanded/#comment-84724 Matsayswhat Mon, 12 Oct 2009 16:53:15 +0000 http://seattlebubble.com/blog/?p=7516#comment-84724 It's going to be interesting to see what the discussion is like regarding extending it and how much media coverage it gets versus healthcare, the wars, etc.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('84724','Matsayswhat',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('84724','Matsayswhat','It\'s going to be interesting to see what the discussion is like regarding extending it and how much media coverage it gets versus healthcare, the wars, etc.',''); return false;">Quote</a></div> It’s going to be interesting to see what the discussion is like regarding extending it and how much media coverage it gets versus healthcare, the wars, etc.
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]]> By: Scotsmanhttp://seattlebubble.com/blog/2009/10/11/poll-what-is-the-chance-the-housing-tax-credit-gets-extendedexpanded/#comment-84705 Scotsman Mon, 12 Oct 2009 05:01:38 +0000 http://seattlebubble.com/blog/?p=7516#comment-84705 <b>RE:</b> <a href='#comment-84694' rel="nofollow">Sid @ 1</a> -There are millions of reasons to extend and expand any government program- votes and money. They may not get your vote, or your money, but there are enough people on the other side of the boat to tip it their way. As for your other prognostications:"ECRI... just came out with a very bullish statement....... however the time to get out of equity markets is near.You don't see any conflict ? Things are either going to get better, or they'll get worse. Take a stand, man- hang it out there. I'm still voting for worse. Here are a couple of reasons ECRI may have missed:"WASHINGTON (MarketWatch) -- U.S. banks are reducing their lending at the fastest rate on record, tightening the credit squeeze and threatening to leave many otherwise viable businesses unable to borrow money to expand their businesses, meet their payroll or refinance their maturing debts.According to weekly figures provided by the Federal Reserve, total loans at commercial banks have fallen at a 19% annual rate over the past three months, while loans to businesses have dropped at a 28% annualized pace. ""Zillow estimated that nearly one in four homes with mortgages was worth less than the value of the (mortgage) at the end of June. Mr. Humphries said he didn't expect to see foreclosure volumes level off until later in 2010.http://online.wsj.com/article/SB125530360128479161.html?mod=WSJ_hps_LEFTWhatsNews#printMode<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('84705','Scotsman',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('84705','Scotsman','<b>RE:<\/b> <a href=\'#comment-84694\' rel=\"nofollow\">Sid @ 1<\/a> - \r\n\r\nThere are millions of reasons to extend and expand any government program- votes and money. They may not get your vote, or your money, but there are enough people on the other side of the boat to tip it their way. As for your other prognostications:\r\n\r\n\"ECRI... just came out with a very bullish statement....... however the time to get out of equity markets is near.\r\n\r\nYou don\'t see any conflict ? Things are either going to get better, or they\'ll get worse. Take a stand, man- hang it out there. I\'m still voting for worse. Here are a couple of reasons ECRI may have missed:\r\n\r\n\"WASHINGTON (MarketWatch) -- U.S. banks are reducing their lending at the fastest rate on record, tightening the credit squeeze and threatening to leave many otherwise viable businesses unable to borrow money to expand their businesses, meet their payroll or refinance their maturing debts. \r\n\r\nAccording to weekly figures provided by the Federal Reserve, total loans at commercial banks have fallen at a 19% annual rate over the past three months, while loans to businesses have dropped at a 28% annualized pace. \"\r\n\r\n\"Zillow estimated that nearly one in four homes with mortgages was worth less than the value of the (mortgage) at the end of June. Mr. Humphries said he didn\'t expect to see foreclosure volumes level off until later in 2010.\r\n\r\nhttp:\/\/online.wsj.com\/article\/SB125530360128479161.html?mod=WSJ_hps_LEFTWhatsNews#printMode',''); return false;">Quote</a></div> RE: Sid @ 1 –

There are millions of reasons to extend and expand any government program- votes and money. They may not get your vote, or your money, but there are enough people on the other side of the boat to tip it their way. As for your other prognostications:

“ECRI… just came out with a very bullish statement……. however the time to get out of equity markets is near.

You don’t see any conflict ? Things are either going to get better, or they’ll get worse. Take a stand, man- hang it out there. I’m still voting for worse. Here are a couple of reasons ECRI may have missed:

“WASHINGTON (MarketWatch) — U.S. banks are reducing their lending at the fastest rate on record, tightening the credit squeeze and threatening to leave many otherwise viable businesses unable to borrow money to expand their businesses, meet their payroll or refinance their maturing debts.

According to weekly figures provided by the Federal Reserve, total loans at commercial banks have fallen at a 19% annual rate over the past three months, while loans to businesses have dropped at a 28% annualized pace. ”

“Zillow estimated that nearly one in four homes with mortgages was worth less than the value of the (mortgage) at the end of June. Mr. Humphries said he didn’t expect to see foreclosure volumes level off until later in 2010.

http://online.wsj.com/article/SB125530360128479161.html?mod=WSJ_hps_LEFTWhatsNews#printMode

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]]> By: AMShttp://seattlebubble.com/blog/2009/10/11/poll-what-is-the-chance-the-housing-tax-credit-gets-extendedexpanded/#comment-84695 AMS Mon, 12 Oct 2009 01:59:59 +0000 http://seattlebubble.com/blog/?p=7516#comment-84695 <b>RE:</b> <a href='#comment-84694' rel="nofollow">Sid @ 1</a> - There is absolutely no need to much of what Congress does, but that does not stop them.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('84695','AMS',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('84695','AMS','<b>RE:<\/b> <a href=\'#comment-84694\' rel=\"nofollow\">Sid @ 1<\/a> - There is absolutely no need to much of what Congress does, but that does not stop them.',''); return false;">Quote</a></div> RE: Sid @ 1 – There is absolutely no need to much of what Congress does, but that does not stop them.
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]]> By: Sidhttp://seattlebubble.com/blog/2009/10/11/poll-what-is-the-chance-the-housing-tax-credit-gets-extendedexpanded/#comment-84694 Sid Mon, 12 Oct 2009 01:44:37 +0000 http://seattlebubble.com/blog/?p=7516#comment-84694 There is absolutely no need to extend it. V shaped recovery is here. ECRI (who I believe to be one of the best forecaters out there) just came out with a very bullish statement. The only thing that worries me now is that the media and the general population is slowly starting to turn from being "gloom and doom"ish to bullish. We are still climbing the wall of worry however the time to get out of equity markets is near.<a href="http://www.businesscycle.com/news/press/1588/" rel="nofollow">ECRI Link1</a><a href="http://finance.yahoo.com/tech-ticker/article/351329/It's-a-V!-Recovery-%22A-Lot-Stronger%22-Than-Consensus-ECRI's-Achuthan-Says;_ylt=AnXeZS.Se6UWW281_9cd8by7YWsA;_ylu=X3oDMTE1amRiaXQ5BHBvcwM1BHNlYwN0ZWNoVGlja2VyBHNsawNpdHNhdnJlY292ZXI-?tickers=^DJI,^GSPC,SPY,DIA,TBT,TLT" rel="nofollow">ECRI Interview</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('84694','Sid',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('84694','Sid','There is absolutely no need to extend it. V shaped recovery is here. ECRI (who I believe to be one of the best forecaters out there) just came out with a very bullish statement. \nThe only thing that worries me now is that the media and the general population is slowly starting to turn from being \"gloom and doom\"ish to bullish. We are still climbing the wall of worry however the time to get out of equity markets is near.\n\n<a href=\"http:\/\/www.businesscycle.com\/news\/press\/1588\/\" rel=\"nofollow\">ECRI Link1<\/a>\n\n<a href=\"http:\/\/finance.yahoo.com\/tech-ticker\/article\/351329\/It\'s-a-V!-Recovery-%22A-Lot-Stronger%22-Than-Consensus-ECRI\'s-Achuthan-Says;_ylt=AnXeZS.Se6UWW281_9cd8by7YWsA;_ylu=X3oDMTE1amRiaXQ5BHBvcwM1BHNlYwN0ZWNoVGlja2VyBHNsawNpdHNhdnJlY292ZXI-?tickers=^DJI,^GSPC,SPY,DIA,TBT,TLT\" rel=\"nofollow\">ECRI Interview<\/a>',''); return false;">Quote</a></div> There is absolutely no need to extend it. V shaped recovery is here. ECRI (who I believe to be one of the best forecaters out there) just came out with a very bullish statement.
The only thing that worries me now is that the media and the general population is slowly starting to turn from being “gloom and doom”ish to bullish. We are still climbing the wall of worry however the time to get out of equity markets is near.

ECRI Link1

ECRI Interview

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