HOWARD DEAN -THE NEXT PRESIDENT? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : HOWARD DEAN -THE NEXT PRESIDENT?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ann Corrigan who wrote (2198)	1/21/2004 12:03:38 AM
From: Hope Praytochange	Read Replies (2) of 3079

It was a slow day economically with the NAHB Housing Market Index the only regular hours report. The headline number at 68 was less than consensus at 69 and less than the 70 from both December and November. Slower sales continue to depress the market despite the optimistic outlooks by the builders. With the economy recovering, interest rates low and inventory levels still light the conditions are ripe for a spring sales explosion but the winter weather has put sales in the deep freeze. This would suggest a continued neutral rate decision by the Fed next week could be the green light for another run for the builders as investors buy the dip in advance of the spring thaw. The worst thing that could happen for the home builders would not be what you would expect. A surge in the 4Q GDP, due out next week, that would suggest the recovery is really catching fire could actually push real interest rates up despite a Fed on hold. Rising economies can support higher rates but those same rates could slow home sales. Seems contrary to common sense but that is real life. More buyers can afford homes in a roaring economy but they have to pay more for the privilege.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next