Cramer and Welch Predict Light in the Tunnel, Finally!
Is the worst real estate crisis nearly over asks this observer? With mortgage resets nearly over and the talking heads linning up perhaps the boom is just around the corner.
- The U.S. housing market has shown strong signs of bottoming and could soon turn around, “Mad Money” host Jim Cramer says, at least if recent housing data and bullish comments from prominent businessmen are any indicator.
- Jack Welch, meanwhile, has joined the group of notable businessmen who think the housing market is looking up. Earlier this month, the former General Electric chairman said a combination of low prices and record-low interest rates have helped the battered real estate market hit bottom and get ready to rebound, perhaps even stronger than many economists expect. ”Housing has pretty well bottomed and rental prices are going up. Vacancies are almost nonexistent,” Welch said. “So you’ve got a lot of forces driving toward the housing market. Prices are down, interest rates are down, the affordability index is good. … We think it could be a blowout. Housing could be really good based on all the dynamics that are out there.” By Drew Sandholm, Posted 20 January 2012
The hangover will lag behind the U.S. for decades to come as we service our debt load.
- 1. Federal Reserve and Intragovernmental Holdings U.S. debt holdings: $6.328 trillion
- 2. China U.S. debt holdings: $1.132 trillion
- 3. Other Investors/Savings Bonds U.S. debt holdings $1.107 trillion
- 4. Japan U.S. debt holdings: $1.038 trillion
- 5. Pension Funds U.S. debt holdings: $842.2 billion
- 6. Mutual Funds U.S. debt holdings: $653.5 billion
- 7. State and Local Governments U.S. debt holdings: $484.4 billion
- 8. The United Kingdom U.S. debt holdings: $429.4 billion
- 9. Depository Institutions U.S. debt holdings: $284.5 billion
- 10. Insurance Companies U.S. debt holdings: $250.1 billion
- 11. Oil Exporters U.S. debt holdings: $232 billion
- 12. Brazil U.S. debt holdings: $206.4 billion
- 13. Caribbean Banking Centers U.S. debt holdings: $185.3 billion
- 14. Taiwan U.S. debt holdings: $149.6 billion
- 15. Switzerland U.S. debt holdings: $113.9 billion
[Data Source: CNBC.com]
- Future Predictions: U.S. Economist, Predicts the Real Estate Market Won’t Hit Bottom Until 2012, With the Drop in Value Exceeding 10%+ More!
- Future Predictions: U.S. Economist, Predicts the Real Estate Market Won’t Hit Bottom Until 2012
- What is happening to real estate?
- Future Predictions: Gary Shilling Says Housing Prices Will Fall Another 20% Underwater and Mortgages Will Balloon From 23% to 40%
- Real estate investment storm appears in the near future for the cash buyers