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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (260649)7/14/2010 10:01:03 AM
From: Les HRead Replies (2) | Respond to of 306849
 
Might get one more end of year rush.

Section 179 expense rules revert after 12/31.

First-year 50% bonus depreciation goes away.

Expense limit drops from 800K to 130K.



To: RetiredNow who wrote (260649)7/14/2010 11:52:49 AM
From: tejekRead Replies (1) | Respond to of 306849
 
Retail sales fall in June on autos, gasoline

Without autos, there was retail growth:

The decline in overall sales was cushioned by purchases at electronics and appliance stores, which rose 1.3 percent. Clothing and clothing accessories sales rose 0.6 percent, reversing the prior month's 0.4 percent fall.

That happens in the best of times. Autos sales start to drop off in summer as we get ready for a model change.......plus inventories are low. The good news is that inventories are so low for the car companies that many plants will skip their normal two week vacations this summer:

Bullish Signals From G.M. and Toyota

nytimes.com

If you take a statistic in isolation, things can look very good or very bad. What's key is seeing the entire picture before coming to a conclusion.



To: RetiredNow who wrote (260649)7/14/2010 12:53:28 PM
From: tejekRead Replies (1) | Respond to of 306849
 
When I suggest a different kind of capitalism, this article provides some possibilities. In it, Grove explains how Asian gov'ts are fostering and encouraging the growth of new industries. We used to do that........see NASA. For the most part, the fed. gov't has stopped taking a proactive stance when it comes to creating new industry.

A long read but well worth it!

Andy Grove: How America Can Create Jobs

businessweek.com