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If You’re Going to Buy a House, Do it Now

Posted on November 4th, 2009 in $8000, Congress, GS, Goldman-Sachs, Housing, Nov 30 2009, Obama, Tax-credit , , , , , , ,

It looks like the U.S. housing sector has bottomed. In fact, if you’ve been thinking about buying a house, this may be the time to make your move. Congress and the Obama administration are considering whether to extend the $8,000 first-time-buyer tax credit for another year from Nov. 30, 2009 – when it expires. With cheap money, housing may show strength in the short term, just as we’ve seen with other assets. But there is the potential for a market hiccup next year or in 2011.

Published by Bapcha Murty // Comment now »

Will Week of Controversy Undermine Financial System Overhaul That Calls for Broad Expansion of Central Bank’s Power?

Posted on June 29th, 2009 in Apple, BAC, Bed Bath & Beyond, Ben Bernanke, Bernanke, Bloomberg, Boeing, BofA, Congress, Federal Reserve, Merrill, Merrill Lynch, Obama, Oracle, Sinopec, US Congress , , , , , , , , , , , , , , ,

Documents brought to light by key by congressional investigators hightlight real disagreement between top-level U.S. Federal Reserve officials about how it should address the Bank of America Corp.(NYSE: BAC) acquisition of Merrill Lynch & Co. Inc. are almost certain to fuel the ongoing congressional debate over the central bank’s push to expand its authority over the U.S. financial system.

More on this topic (What's this?)
JIM GRANT SAYS THE FED KNOWS NOTHING (THE PRAGMATIC CAPITALIST, 7/18/10)
Is the Fed Happy with the Crappy Economy? (naked capitalism, 7/9/10)
Summer Rerun: The Fed: The Need for a Paradigm Shift (naked capitalism, 7/25/10)
Read more on Federal Reserve at Wikinvest
Published by Bapcha Murty // Comment now »

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