The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (260486)	7/13/2010 6:55:33 PM
From: tejek	Read Replies (3) of 306849

lending is contracting for the economy as a whole - and that includes $1.6 trillion in annual federal deficits. Lending isn't contracting....esp. in the corp. world. In fact, lending is improving slowly. businesses hoard cash because the economy sucks. Tell that to INTC which just reported the best quarter ever and beat expectations. Tell that to AA, CSX and NVLS which all just beat expectations and raised guidance for the rest of the year. tax rates to go up significantly. For the rich.....and they still will be less than during Reagan's tenure. housing prices resumed down trend. Depends where you live.....West coast is seeing appreciation....same with DC, TX and NYC. I am sure other markets are starting to see appreciation as well. states are broke - CA to pay workers $7.25/hour. True.....not all but many. Most will get through it though. federal government is about $5 trillion closer to going Greece, as it were. No comparison between the US and Greece. Greece has a deficit that is 116% of its GDP. The US about 65% of GDP. Fed is full of $2.4 trillion in trash that will make its way to fannie and freddie. Explain. Fed says banks have another $2.6 trillion they want to put on the Fed balance sheet (before the Fed moves it to Fannie and Freddie - the tax payer). banks still have to mark to myth because they are still bankrupt. but the market can continue to go up - there is a lot of hot cash out there in the hands of people who can go "all in" and then keep their winning and pass their losses off on to the tax payer. the $1.6 trillion deficits will have to stop at some point - what happens then? As long as banks are well capitalized, and most are now, and as long as the housing market continues to improve, they will get through the rest of this recession with flying colors.

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