We are officially in the age of Obama now
The market was clearly waiting to hear more from the President on how he intends to fix the credit/housing crisis. And, since he really didn’t address it with any detail in his inauguration speech, investors drove the market way down yesterday.
While many wait to see whether [...]
Posts tagged as:
Joshua Dorkin
Charles Feldman

Ted Karsch.





Real Estate Bubble Popping, Housing Starts and Building Permits Tumble
by Joshua Dorkin | November 17, 2006CNBC is reporting this morning that US Housing Starts declined in October 14.6% to the lowest level in 6 years, while building permits were down a whopping 6.29%. Guests on the network, James Wilson and Jan Hatzius (Goldman Sachs Economist), predicted that housing will be a drag on GDP in ‘07. Hatzius attributed [...]