The hat tip for this one goes to Credit Writedowns. It’s pretty clever.
Archive for May 26th, 2010
Monday I wrote a post on the existing home sales report and said I was going to go out on a limb and suggest that Tax Credit lll might come about if the housing market did start to tank. Looks like it wasn’t all that dangerous a limb to climb out on. Ron Paul’s Congressional [...]
As you probably know, the Census Bureau reported that new home sales were up smartly in April. They surged 14.1% over the March number and were up 47.8% over April 2009. Conventional wisdom says that it’s a blip caused by the expiration of the tax credit. Supporting this view is the news from the MBA [...]