Comments on: Obama Stimulus and January Effect Will be the Week’s Top Stories

By: Digging a hole to fill another | TheFinance.sg

Digging a hole to fill another | TheFinance.sg — Sat, 10 Jan 2009 01:02:43 +0000

[...] allocated. On top of this, the coming US president, Barack Obama, is currently putting together an economic recovery package, possibly amounting to just under another trillion USD. United State’s current account deficit is now about 700 billion USD, or 4.5% GDP, according [...]

By: mike T

mike T — Mon, 05 Jan 2009 23:42:16 +0000

Sorry to see that you feel, or were told, that the statistics on Gold and Silver are not to be published along side the dismal martket numbers. It would be embarassing to all the investors that listened to the financial talking heads that they were duped once more over the last 8 years, while Gold and Silver made double digit gains over the same period. The lemmings will soon learn how to protect themselves from the thievs of the “Street” and the FED.

By: Rebecca S.

Rebecca S. — Mon, 05 Jan 2009 15:38:47 +0000

I have to agree with Annie B about low interest rates being the only thing that might “Jumpstart” the housing market. As a Realtor, I keep hearing people say that as soon as the mortgage rates fall another couple of points, then they will buy or refi.

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Mon, 05 Jan 2009 15:23:44 +0000

[...] William Patalon III Money Morning addthis_pub = ‘jutiagroup’; addthis_logo = ‘http://www.jutiagroup.com/favicon.ico’; addthis_brand [...]

By: annie B

annie B — Mon, 05 Jan 2009 14:56:38 +0000

Very comprehensive article. Being in the relocation business, we get a lot of feedback from potential buyers who have, for the last year, opted to rent for a while before buying. Unlike retail stores who give a guarantee that if they sell an item for less during the next 30 days, you can get a refund, it doesn’t work that way with homebuying. Buyers still seem to be concerned about paying too much. That the sin of buying at $200,000 on the way down to a low of $180,000 is much greater than buying the same house at $200,000 when the market goes back up again. Buyers seem to all be looking for that elusive “bottom” of the market. But by the time most buyers are confident that the bottom has been reached, home prices should already be on the way up again. I feel that ridiculously low interest rates (such as the 0% GM is offering car buyers) may be the only thing that will alay the “paying too much” obsession of home buyers.