{"id":10486,"date":"2009-12-03T08:59:00","date_gmt":"2009-12-03T15:59:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=10486"},"modified":"2009-12-02T20:49:56","modified_gmt":"2009-12-03T03:49:56","slug":"a-disaster-for-democrats-yeah-but-what-about-the-rest","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10486\/a-disaster-for-democrats-yeah-but-what-about-the-rest\/","title":{"rendered":"A Disaster for Democrats?   Yeah, but what about the rest?"},"content":{"rendered":"<p>This is just ugly&#8230;..<\/p>\n<p>Let me attempt to explain.&nbsp;&nbsp; Goldman Sachs came out with their economic forecast.&nbsp;&nbsp; Here&#8217;s a brief summary of it:<\/p>\n<ul>\n<li>Mediocre growth until late 2011.<\/li>\n<li>Unemployment peaking at 10 3\/4 in the middle of 2011.<\/li>\n<li>Extremely low inflation through 2011<\/li>\n<li>Low interest rates through 2011 (at least the ones the Fed controls.)<\/li>\n<\/ul>\n<p>So, what does this mean for the housing and mortgage markets?&nbsp;&nbsp; The following list of predictions are made <b>under the assumption <\/b>that Goldman is right.&nbsp;&nbsp;&nbsp; If they are, I think the housing market is going to see:<\/p>\n<ul>\n<li>Continued growth in the number of foreclosed homes.<\/li>\n<li>Continued downward pressure on house prices.<\/li>\n<li>Continued delinquency problems at Fannie Mae, Freddie Mac and FHA.<\/li>\n<li>Continued tightening of underwriting guidelines for mortgages.<\/li>\n<li>Continued situations where the interest rate isn&#8217;t the problem, it&#8217;s property values and qualifying for the loan that&#8217;s the problem.<\/li>\n<\/ul>\n<p>In addition to that, a couple of other things we could see:<\/p>\n<ul>\n<li>Growing political unrest and dissatisfaction with the current state of the government and those who run it.<\/li>\n<li>An opportunity for a massive restructuring of the political landscape, starting in 2010 and continuing to the 2012 election.<\/li>\n<li>Growing resentment against the financial institutions on Wall St. and elsewhere that have had a big part in this mess.<\/li>\n<li>Substantial regulatory changes that will either lower the regulatory and tax burden on consumers and businesses and create the type of growth that we need or will stifle all initiative and all opportunities for us to pull out of this any time soon.&nbsp;&nbsp; We&#8217;ll either go Reagan or we&#8217;ll go Atlas Shrugged.&nbsp;&nbsp; I vote for Reagan.<\/li>\n<\/ul>\n<p>It&#8217;s going to be bumpy and it&#8217;s going to be wild, but it&#8217;s definitely going to be a ride to remember&#8230;&#8230;<\/p>\n<p>Tom Vanderwell<\/p>\n<p><a href=\"http:\/\/blogs.reuters.com\/james-pethokoukis\/2009\/12\/02\/goldman-sachs-2011-forecast-would-be-an-absolute-disaster-for-dems\/\">James Pethokoukis \u00bb Blog Archive \u00bb Goldman Sachs 2011 forecast would be an absolute disaster for Dems | Blogs |<\/a><\/p>\n<blockquote><p>    The key features of our 2011 outlook: (1) a strengthening in growth from 2.1% on average in 2010 to 2.4% in 2011, with real GDP rising at an above-potential 3\u00bd% pace in late 2011; (2) a peaking in unemployment in mid-2011 at about 10\u00be%; (3) extremely low inflation \u2013 close to zero on a core basis during <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10486\/a-disaster-for-democrats-yeah-but-what-about-the-rest\/#more-10486\" class=\"more-link\">Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>This is just ugly&#8230;.. Let me attempt to explain.&nbsp;&nbsp; Goldman Sachs came out with their economic forecast.&nbsp;&nbsp; Here&#8217;s a brief summary of it: Mediocre growth until late 2011. Unemployment peaking at 10 3\/4 in the middle of 2011. Extremely low inflation through 2011 Low interest rates through 2011 (at least the ones the Fed controls.) [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[413,417,433,395],"class_list":{"0":"post-10486","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"tag-foreclosures","8":"tag-goldman-sachs","9":"tag-interest-rates","10":"tag-unemployment","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10192,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10192\/with-help-like-this\/","url_meta":{"origin":10486,"position":0},"title":"With help like this&#8230;","author":"Al Lorenz","date":"October 29, 2009","format":false,"excerpt":"Robert Worthington is right.\u00a0 Do you want to know how right he is?\u00a0 According to Goldman Sachs, who ought to know about government intervention, the feds interventions into the housing have pushed home prices 5% higher on a national average than they would have been otherwise, Goldman Sachs estimates in\u2026","rel":"","context":"In &quot;Dirty Laundry&quot;","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10254,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10254\/goldman-sachs-and-gods-work\/","url_meta":{"origin":10486,"position":1},"title":"Goldman Sachs and God&#8217;s Work","author":"Sean Purcell","date":"November 9, 2009","format":false,"excerpt":"I guess I haven't reached that point in my life yet when I'm so jaded (or is it cynical) that nothing will surprise me.\u00a0 I say this after reading an interesting little article in the London TimesOnline.\u00a0 They had the chance to interview Lloyd Blankfein, the Chairman and CEO of\u2026","rel":"","context":"In &quot;Big Mother&quot;","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4513,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4513\/like-drunks-in-a-singles-bar-right-before-closing-time\/","url_meta":{"origin":10486,"position":2},"title":"Like Drunks In A Singles Bar, Right Before Closing Time&#8230;","author":"Brian Brady","date":"September 18, 2008","format":false,"excerpt":"banks and securities firms look to \"hook-up\" with each other: Morgan Stanley slumped more than 46 percent in early trading as investors fretted about its ability to quickly find a buyer or cash infusion from a foreign investor. Rival Goldman Sachs Group Inc. skidded 25 percent. Morgan Stanley shares rallied\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18177,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18177\/overnight-news-if-you-are-actively-quarrying-for-racists-you-are-the-racist-youre-looking-for\/","url_meta":{"origin":10486,"position":3},"title":"Overnight News: If you are actively quarrying for racists \u2013 you are the racist you\u2019re looking\u00a0for.","author":"Greg Swann","date":"May 28, 2021","format":false,"excerpt":"Every day, one or more someones searches this blog on the word \u201cnigger\u201d. That would be scavenging for grievances, much as copyright hustlers scrounge for photos to claim dominion over. Whatever. Seventy people have posting privileges here, but I'm pretty sure the one they're scavenging for is me. What do\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10206,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10206\/cit-fed-bk\/","url_meta":{"origin":10486,"position":4},"title":"CIT + FED = BK","author":"Sean Purcell","date":"November 2, 2009","format":false,"excerpt":"A few months back, as part of a Tin Foil Hat Production, I mentioned CIT's desperate need for funds and the Fed's decision not to bail them out. Why is this noteworthy? After all, I don't believe the Fed should bail anybody out.\u00a0 I cheer wildly to see Ford record\u2026","rel":"","context":"In &quot;Big Mother&quot;","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9255,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9255\/all-is-well-a-tin-foil-hat-production\/","url_meta":{"origin":10486,"position":5},"title":"All is Well&#8230; (A Tin Foil Hat Production)","author":"Sean Purcell","date":"July 21, 2009","format":false,"excerpt":"Quick check on the current status: The CBO came out with a non-partisan report showing that Health Care Reform, as it stands now, will not only fail in its main purpose of lowering health care costs - but will actually raise costs by over $1 trillion!\u00a0 Senators from both sides\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Paranoia... done with style.","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/tin-foil-hat-teri.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=10486"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10486\/revisions"}],"predecessor-version":[{"id":10487,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10486\/revisions\/10487"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=10486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=10486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=10486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}