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peterb
ParticipantThat was my initial reaction as well. But it’s more about supply/demand for the actual interest rate or cost of the money. As now the market has lower rates, but down payments have become important again as has strict documentation. Risk will be better mitigated through lower LTV’s and better documentation. I think we’re seeing this now and will see it more inthe future. I would not be surprised to see real CPI going negative in 2009. Check out ECRI’s website for more on this. So, in essence the old 6% is the new 4%. Economics takes on a different set of rules when inflation is now longer running the game.
ParticipantThat was my initial reaction as well. But it’s more about supply/demand for the actual interest rate or cost of the money. As now the market has lower rates, but down payments have become important again as has strict documentation. Risk will be better mitigated through lower LTV’s and better documentation. I think we’re seeing this now and will see it more inthe future. I would not be surprised to see real CPI going negative in 2009. Check out ECRI’s website for more on this. So, in essence the old 6% is the new 4%. Economics takes on a different set of rules when inflation is now longer running the game.
ParticipantThat was my initial reaction as well. But it’s more about supply/demand for the actual interest rate or cost of the money. As now the market has lower rates, but down payments have become important again as has strict documentation. Risk will be better mitigated through lower LTV’s and better documentation. I think we’re seeing this now and will see it more inthe future. I would not be surprised to see real CPI going negative in 2009. Check out ECRI’s website for more on this. So, in essence the old 6% is the new 4%. Economics takes on a different set of rules when inflation is now longer running the game.
December 10, 2008 at 12:52 PM in reply to: How high goes the rally on Obama infrastructure spending? #313807ParticipantHang tough on this rally. It did not voilate 8637 today, but nor did it clear 9026. SO it’s still in a growth wave. BKX held about 45 as well. Good indication it’s got legs. Just a little given back. Healthy, really. Rally indicators are gaining strength.
December 10, 2008 at 12:52 PM in reply to: How high goes the rally on Obama infrastructure spending? #314165ParticipantHang tough on this rally. It did not voilate 8637 today, but nor did it clear 9026. SO it’s still in a growth wave. BKX held about 45 as well. Good indication it’s got legs. Just a little given back. Healthy, really. Rally indicators are gaining strength.
December 10, 2008 at 12:52 PM in reply to: How high goes the rally on Obama infrastructure spending? #314196ParticipantHang tough on this rally. It did not voilate 8637 today, but nor did it clear 9026. SO it’s still in a growth wave. BKX held about 45 as well. Good indication it’s got legs. Just a little given back. Healthy, really. Rally indicators are gaining strength.
December 10, 2008 at 12:52 PM in reply to: How high goes the rally on Obama infrastructure spending? #314218ParticipantHang tough on this rally. It did not voilate 8637 today, but nor did it clear 9026. SO it’s still in a growth wave. BKX held about 45 as well. Good indication it’s got legs. Just a little given back. Healthy, really. Rally indicators are gaining strength.
December 10, 2008 at 12:52 PM in reply to: How high goes the rally on Obama infrastructure spending? #314288ParticipantHang tough on this rally. It did not voilate 8637 today, but nor did it clear 9026. SO it’s still in a growth wave. BKX held about 45 as well. Good indication it’s got legs. Just a little given back. Healthy, really. Rally indicators are gaining strength.
ParticipantRates should come down in a depression. I’m sticking to my 4.5% call. Maybe in a few more months?
ParticipantRates should come down in a depression. I’m sticking to my 4.5% call. Maybe in a few more months?
ParticipantRates should come down in a depression. I’m sticking to my 4.5% call. Maybe in a few more months?
ParticipantRates should come down in a depression. I’m sticking to my 4.5% call. Maybe in a few more months?
ParticipantRates should come down in a depression. I’m sticking to my 4.5% call. Maybe in a few more months?
ParticipantIf they did nothing, then there would be too much evidence as to how useless they really are. So they jump up and down and do stupid thing. The market does what it’s supposed to do and the sheeple believe that things will change. This is human history. Rhyming and repeating along it’s merry way.
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