Tag archive for ‘Ratios’
Bail out on the bailout
Put simply - the problem with the bailout is this - who are we bailing out, exactly, with the current Bill (HR 1424)? The now 420+ paged monstrosity includes things such as tax breaks for employers who encourage their workers to take bicycles to work, a 2500+ dollar tax for electric vehichle purchases, an alternative fuel tax credit, credits for biodesiel and alternative fuels, credits for carbon dioxide sequestration, credits for geothermal heat pumps, tax breaks for the steel industry, changes to the Alternative Minimum Tax system, oh and among my personal favorites, a seven year amortization table for the expenses associated with development and running a motocycle racing track. Yes, you heard me - motocross racing tax provisions.
Fascinating Charts from the NY Fed Bank
If you haven’t seen this - you need to look at it… it’s fascinating….
http://www2.newyorkfed.org/mortgagemaps/
It’s an interactive map of the mortgage markets across the United States. You can punch in your zip-code and have access to the Fed’s data on housing conditions, foreclosure activity, % of ARM loans, % that will reset, etc.
What struck me the [...]
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