In September and October, domestic
light vehicle sales fell under 12.0 million due to the impact
of the federal
government shutdown, slipping to 11.7 million for both months, as it negatively impacted on buying confidence.
The legislation that ended the recent
shutdown not only turned the
government's
lights back on, but also took a small step toward that most elusive
of goals: the paperless office.
Ryan and Louis discuss the direction
of interest rates and inflation, the reluctance
of the Fed to recognize the inflation threat, the impact
of foreign countries raising their interest rates to combat inflation; the Fed's Vice Chairman Janis Yellen's view that inflation and the rise
of commodities won't impact the «recovery», blaming rising global demand and disruptions
of supply, not the easy money policy
of the Fed; encouraging consumer confidence so they borrow more money to buy things they don't need to stimulate the economy, loan officer compensation, banks» use
of Fed loans and banks» preference
of trading operations over mortgage lending; credit squeeze; increased lending standards; the advantage
of getting a low interest loan now before interest rates and inflation rates rise; the problems with Fannie Mae and Freddie Mac; the Democrats, Republicans and President avoid a
government shutdown and what might have happened if it did; the $ 10 ′ s
of billions
of dollars saved in
light of a $ 1.3 trillion defecit; the disconnect between buyers and sellers article in the Chicago Tribune; the HomeGain first quarter 2011 home values survey; the value
of a quality Realtor in buying and selling a home; the HomeGain FSBO vs. REALTOR survey