Calculated Risk

• Congress Votes for Housing Tax Credit

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  From the NY Times: Congress Agrees to Keep Homebuyers’ Tax Credit The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a [un]popular $8,000 tax credit for homebuyers ... The bill also extends the net-operating-loss carryback period for firms [...]
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  Posted: November 03, 2009, 11:56pm EST
  by CalculatedRisk

• NY Times Leonhardt: The Optimistic View

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  David Leonhardt at the NY Times gives "equal time" to a more optimistic outlook: Through a Glass Less Darkly In the fall of 1982, with a long recession ending but the unemployment rate heading toward 10 percent, The New York Times ran an article titled “The Recovery That [...]
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  Posted: November 03, 2009, 9:43pm EST
  by CalculatedRisk

• A Look Back at a the GM Sales Forecast

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  Just one more post on auto sales ...
  
  The following table is from the GM restructuring plan, presented to Treasury in mid-February (no longer available online).
  
  This data is for all vehicles (the charts in the previous post excluded heavy trucks). All information in Red is added.
  [...]
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  Posted: November 03, 2009, 7:04pm EST
  by CalculatedRisk

• Light Vehicle Sales 10.5 Million (SAAR) in October

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  Click on graph for larger image in new window.
  
  This graph shows the historical light vehicle sales (seasonally adjusted annual rate) from the BEA (blue) and an estimate for October (red, light vehicle sales of 10.46 million SAAR from AutoData Corp).
  
  [...]
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  Posted: November 03, 2009, 4:00pm EST
  by CalculatedRisk

• Commercial Real Estate Price Indexes

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  The different price indexes can be confusing ...
  
  From MIT: MIT commercial property price index posts first increase in over a year The 4.4 percent increase in the transactions-based index (TBI) for the third quarter is the first positive price change in the index in over a year, [...]
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  Posted: November 03, 2009, 2:14pm EST
  by CalculatedRisk

• Ford: U.S. Oct. sales rise 2.6%

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  From MarketWatch: U.S. Oct. sales rise 2.6% to 132,483 vehicles
  
  This is a comparison to Oct 2008.
  
  Update: From MarketWatch: Chrysler U.S. Oct sales drop 30.4%
  
  Toyota U.S. Oct. sales near flat
  
  GM U.S. Oct. sales rises 4.1%
  
  [...]
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  Posted: November 03, 2009, 12:02pm EST
  by CalculatedRisk

• Homeownership can be a Nightmare

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  From Bloomberg: Real Estate Price Plunge Makes U.S. Homeownership Perilous Path Kajal and Vishal Dharod paid $559,000 in 2006 for a new four-bedroom house built in Rancho Cucamonga, California. Today, it’s worth about $360,000.
  
  “We don’t know how we can come back from a loss like that,” [...]
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  Posted: November 03, 2009, 10:23am EST
  by CalculatedRisk

• Another $51 Billion for RBS and Lloyds

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  From Bloomberg: RBS, Lloyds Get $51 Billion in Second Bank Bailout The Treasury will inject 25.5 billion pounds of capital into RBS, for a total of 45.5 billion pounds, making it the costliest bailout of any bank worldwide. The government will fund about a quarter of Lloyds’s 21 billion-pound [...]
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  Posted: November 03, 2009, 8:38am EST
  by CalculatedRisk