I'm sure there are many people asking the question, "Is now the right time to
buy?". Nobody really knows for sure. However, there are some facts that you
can look at to help evaluate whether or not now is the right time to buy. For
one, mortgage rates are currently close to the lowest they've been in almost
50 years. In addition, home prices are low and probably close to the bottom.
There may be a little more ways to go, but I think we're close. With the
Spring homebuying season upon us, we may see an increase in sellers in the
market, which will increase inventory and possible push home values even
lower. Read more
According to Federal Reserve Chairman Ben Bernanke, an economic recovery will
not begin until next year. Read more
Along with low home prices and low mortgage rates, there's also the
First-Time Homebuyer Tax Credit of up to $8,000. This is an additional
The following blog entry, from March 10, 2009 expressed my opinion on Mr.
Bernanke. Eight months later the majority of the congress and a great portion
of the financial world seem to agree with my opinions below. Rewind the tape
and watch his opinions on the housing disaster and the direction our banking
system took. He says everything is cool, and there is nothing to worry about
as close as two years ago. He was as wrong as Jim Kramer recommending to buy
more Bear Sterns stock 30 days before their collapse!
(March 10, 2009) - I am watching yet another Bernanke speech with a Counc... (more)
FRAMINGHAM, Mass., Nov. 30 /PRNewswire-FirstCall/ -- Everything Channel's
CRN, a UBM company, today announced the Top 100 Most Influential Executives
in the Industry. The Top 100 Most Influential Executives in the Industry
listing recognizes the executives who have changed the way the channel does
business today and in the future. This year's list salutes the 25 Most
Influential Executives, the 25 Channel Sales Leaders, the 25 Most Innovative
Executives and the 25 Mavericks.
"With so many innovative channel ex... (more)
Or how I learned to stop worrying and love Quantitative Easing.
This is it, the US pressed the nuclear button, buying its own treasuries in
order to flood the market with paper and depress long term rates.
Theft on a grand scale, international theft at that. The masses timidly
applaud. The dollar tanks, the US markets rally. Why do they rally? QE is
effectively delayed "inflation". Inflation means you are poorer but the
numbers are up so you feel "richer". Inflation is an unfair tax as it is
essentially a flat tax on the poor. More fair would be debt moratorium on
fake money issued... (more)
CHICAGO, July 19, 2013 /PRNewswire/ -- Zacks.com announces the list of
stocks featured in the Analyst Blog. Every day the Zacks Equity Research
analysts discuss the latest news and events impacting stocks and the
financial markets. Stocks recently featured in the blog include Tesla Motors
Inc. (Nasdaq:TSLA-Free Report), Goldman Sachs (NYSE:GS-Free Report), Nissan
Motor (OTC:NSANY-Free Report), General Motors (NYSE:GM-Free Report) and
Cracker Barrel Old Country Store Inc. (Nasdaq:CBRL-Free Report).
Today, Zacks is promotin... (more)
STAMFORD, Conn., Jan. 25 /PRNewswire/ -- In the fourth issue of ai5000, set
to publish in February, Black Swan author Nassim Taleb presents a list of six
problems that encumber Federal Reserve chairman Ben Bernanke:
1. His education is in tools that aren't helpful - and he doesn't know it.
2. He studied the Great Depression, but the current economic environment is
3. Bernanke doesn't recognize that 99% of risk is tied to debt/leverage and
the explosion of connectivity. It's like he did not see a truck coming right
4. He has no notion of nonlineariti... (more)