Wczorajsze bardzo zle dane z rynku nieruchomości, o mocnym spadku umów kupna domów, negatywnie zaskoczyły rynek i zapowiadają pogłębienie kryzysu. Dotychczasowe ws[parcie ze strony rządu to wyrzucone ogromne pieniądze podatników, dla tych, co i tak zamierzali domy kupić, sztucznie przyspieszony popyt się wyczerpał i nic już nie pomoże...
U.S. Economy: Pending Sales of Existing Homes Decline

“When you take away all the support from the housing market, the underlying demand for housing is a lot weaker than we thought,” said Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “We clearly pushed some demand forward, and there wasn’t that much demand to pull forward anyway. The housing recovery is going to be very, very slow.”
Economists say extending tax credit for first-time homebuyers is bad policy

It’s terrible policy,” says Mark Calabria of the libertarian Cato Institute.

“It’s awful policy,” says Andrew Jakabovics, associate director for housing and economics at the liberal Center for American Progress. “It’s incredibly expensive. It’s not well targeted.”
...
“We paid $8,000 to at least 1.5 million people to do something they were going to do anyway,” Jakabovics says.
...
“A heck of a lot of people would have bought the house anyway,” says Ted Gayer, an economist at the Brookings Institution.
...
The tax break, due to expire at the end of November, is on track to cost $15 billion, twice what Congress had planned. In other words, it will cost $43,000 for every new homebuyer who would not have bought a house without the tax break.

Gayer also questions whether moving people from renting to owning is really all that useful ...

The tax credit is one, albeit very expensive, way to create more households, but rental vouchers to get people out of their parents’ basements should also be considered, economists say.

The only good news is the tax credit supporters have promised "practically in blood" that they will not ask for another extension.

rąbnie tym razem grubo

Kalendarium

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5 mar, 10:30
Wlk. Brytania: Inflacja PPI
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5 mar, 12:00
Niemcy: Zamówienia w przemyśle s.a.
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5 mar, 14:30
USA: Stopa bezrobocia
__________________
po 14.30 albo południe albo połnoc ;)

Witam ponownie na forum :)
witam czikenów ;)
moja nowa ranga bedzie Honorowy inwestor nie gawedziarz

Leszek Czarnecki rozkręca Sky Tower. Szuka wkonawców konstukcji stalowych i.t.d. Lcc ktoś wczoraj pisał,że ma i liczy na wzrost. Chyba miał rację.

Wczorajsze dane ze Stanów, pokazujące duży wzrost wydajności pracy i spadek zarobków pracowników, zapowiadają deflacje, ale na razie nikt tego oficjalnie nie przyznaje..Nie ma pracy i wyciskają z pracujących jeszcze coraz więcej potu....

It's Called DEFLATION Folks

Never mind the man behind the curtain, who won't utter the word:

The Labor Department reported Thursday that productivity jumped at an annual rate of 6.9 percent in the fourth quarter, even better than an initial estimate of a 6.2 percent growth rate. Unit labor costs fell at a rate of 5.9 percent, a bigger drop than the 4.4 percent decline initially estimated.

In the real world this means:

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Work harder and get more done.

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Get paid less.

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Suck it up, don't complain, or you're fired.

That's all.

And by the way, reduced pay per unit of work spells DEFLATION.

Dobre dane z rynku pracy, = wzmocnienie dolara, z powodu wzrostu stop procentowych. Zle dane z rynku pracy = wzmocnienie dolara z powodu ucieczki z carry trade. Oba warianty = surowcowe w dół.

Chemosik ruszył :)

Nowy smród w Stanach, tym razem w finansowym ramieniu General Motors - GMAC.
The rating company said GMAC commingled cash flows from multiple bonds in a single custodial account, Moody's said in a statement. This allowed GMAC to use cash from loans in one bond for principal and interest payments on another, it said.

By allowing the commingling, it "increases the likelihood that some RMBS deals may not be able to recover the amounts 'borrowed' by the servicer to fund advances or another RMBS deal if a servicer bankruptcy were to occur," Moody's said.