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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
The Fed Held Interest Rates Yesterday
"Recent indicators have been mixed and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters.
Recent readings on core inflation have been somewhat elevated. Although inflation pressures seem likely to moderate over time, the high level of resource utilization has the potential to sustain those pressures.
In these circumstances, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information."
As we know, all the Fed cares about is inflation. If it senses it, it lifts rates. With the economy slowing, the housing business going away, and electronics getting cheaper by the minute, there is little chance of serious inflation. The only inflation is on the farm, where demand for ethanol is driving up the price of corn. Soon oil will rise again. But it's hard to predict when. To read the entire Fed statement, CLICK HERE
Fed: Weaker Economy, More Inflation from Calculated Risk
Eddy looks at The Impact of Interest Rates on Equities
From The Big Picture:
FROM SEEKING ALPHA:
- Fed Rate Cut Could Prop Up Housing Market
- Housing Bubble and Real Estate Market Tracker
- More Americans Become Landlords as Rents Rise
JEFF MILLER HAS A DASH OF INSIGHT ON THE FED DECISION HERE
Top 10: Fastest-growing counties : Maricopa County, Arizona added the most residents in the U.S. Census Bureau's latest ranking. Katrina effect?
So much debt, so many pundits [NY Times]
Phoenix Home Gains Down to -0.53% a year by Zillow's Count Zillow, the folks who made it easy to get a rough online guess at what your house is worth, now aggregates its data into some bigger chunks. That means another Phoenix home price index!
For the fourth quarter, Zillow's Zindex says a typical Phoenix/Mesa residence (homes and condos) was worth $253,053 -- and remember Zillow tracks values of all homes, not just ones that recently sold. (Obviously, recent sales help build its trend database.) The fourth quarter index is down 4.22% vs. the previous quarter and down 0.53% from a year ago. It's also down 5.26% vs. the cyclical peak but 266.31% above the low in Zillow's database that stretches back to 1997.
To read more about Zillow's regional data, CLICK HERE
- How Housing Rescue Bill Can Help You
- Are The Financials Suddenly Cheap? Part III
- Canslim.net Morning Comment And Links (for Traders)
- Are Financials Suddenly Cheap? Part II
- Are Financials Suddenly Cheap?
- July 2008
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- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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