David Rosenberg is one of the guys that has been getting things right on the economy for quit a long time. Let's take a look at what he is saying.....
_________________
“Right now the economy is being held together by very strong tape and glue provided by the Fed, Treasury and Congress,” he says. Rosenberg sees gross domestic product stalling in the current quarter, growing at an annual rate of no more than 1 percent in the first three months of 2010 and no more than 2 percent for all of 2010."
.............U.S. Sales of new cars and light-duty trucks dropped 40.9 percent in September from the previous month after the government’s Cash-for-Clunkers program ended Aug. 24, according to data from Woodcliff Lake, New Jersey-based Autodata Corp. Tax credits for first-time home buyers -- which helped boost sales of existing single-family houses 13.5 percent since January -- will expire Nov. 30. The Fed will end a $300 billion program to buy Treasury bonds at the end of this month and wind down purchases of $1.5 trillion in agency and mortgage-backed securities in the first quarter. Take that stimulus away, and there’s little to boost growth out of the recession that began in December 2007, Rosenberg says. The recovery will resemble the so-called jobless recovery of 2002, when the economy grew just 1.8 percent.........
http://www.bloomberg.com/apps/news?pid=20601103&sid=axnCbWZ33aEU
www.consumercreditcapital.net, www.oregoncreditcapital.com, www.creditscorecounseling.com, credit, repair, report, bad, improve, companies, fix, information, services, service, help, software, legal, own, rebuild, dispute, file, credit report, repair credit, credit report, fix bad, auto loan, reverse mortgage, improve credit, credit repair companies, fix credit, credit repair information, credit repair services, credit repair software, legal credit repair, repair own credit, rebuild credit, dispute credit, credit file, forclosure, short sale, bankrutcy, loan, refinance, Oregon, Portland, Medford, Salem,
No comments:
Post a Comment