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Old 02-26-2010, 08:32 AM
 
Location: Raleigh, NC
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Just wait to see what happens to home sales when the credit goes bye bye in a couple months. Can't be extended because Obama is touting fiscal conservative rhetoric.
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Old 02-26-2010, 08:35 AM
 
Location: Long Island
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GDP is up........jobs are down........hmmmm I guess all those unemployeed are just NOT NEEDED........off with their heads, said the queen of hearts
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Old 02-26-2010, 08:37 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,328,298 times
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Quote:
Originally Posted by summers73 View Post
Just wait to see what happens to home sales when the credit goes bye bye in a couple months. Can't be extended because Obama is touting fiscal conservative rhetoric.
Doesn't mean it "can't" be extended , it just mean's that Congress will take a cold hard look before deciding.

It may or may not be extended - no one knows for sure. If housing looks precarious enough there'll still be pressure to renew the tax credit. It may well be a bit less though.

Ken
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Old 02-26-2010, 08:51 AM
 
Location: Raleigh, NC
20,054 posts, read 18,281,090 times
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Originally Posted by LordBalfor View Post
Doesn't mean it "can't" be extended , it just mean's that Congress will take a cold hard look before deciding.
Not with all the talk about fiscal responsibility. Probably won't be renewed as long as that promise is held against them. Can't have it both ways.

Quote:
It may or may not be extended - no one knows for sure. If housing looks precarious enough there'll still be pressure to renew the tax credit. It may well be a bit less though.

Ken
Nah, again not with the rhetoric about reigning in debt. Plus, the 1980-1981 treasuries with 12-14% rates are maturing. Not gonna happen IMO.
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Old 02-26-2010, 09:12 AM
 
1,842 posts, read 1,708,106 times
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Originally Posted by LordBalfor View Post
That's because you don't understand the difference between an anomaly and a trend.



Ken
Yip take a look at the baltic dry index.
Baltic Exchange Dry Index (BDI) & Freight Rates

The upward trend matches the rise in price of oil.
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Old 02-26-2010, 09:28 AM
 
1,842 posts, read 1,708,106 times
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Here is some anecdotal evidence. Went and talked to my credit union about loans. They said that the people that were getting loans 2 years ago aren't getting loans now. This is a tightening of the credit purse. There is some indication that this is not just my credit union but that it general. The costumers couldn't get a loan anywhere. Unless the amount of new loans goes up then the economy will tank.
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