Word: analyst
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...think they greatly overestimate the beneficial impact of it," concurs Michael Widner, an analyst at Stifel Nicolaus & Co. "I think that the people who were going to buy have already been lured in by the tax credit. As we extend it each additional month, you'll get a smaller and smaller effect." Also, while some experts applaud the idea of extending the credit beyond first-time buyers, they wonder if the $6,500 credit is large enough to make a serious dent. "The move-up buyer is buying a more expensive product and yet the amount of money being offered...
There are also some who see the credit as disruptive to market cycles. Sales and pricing ultimately have to be set organically, not by short-term government subsidies, says Bose George, an analyst at Keefe, Bruyette & Woods. "Pricing has to be determined by how much money people have to spend and the interest rates they have to borrow to buy the home," he says. "The tax credit - while it could help in the short-term - is not meaningful in the longer-term." Says Widner: "It postpones the inevitable reconciliation...
Citing her own experiences as a television analyst and columnist, Parker expressed reservations with what she called a “culture of punditry,” in which the purported experts being interviewed are forced to take one side or another “because there has to be a fight...
...That campaign looked to be winning for much of Tuesday evening. Looking at early vote totals, CNN legal-affairs analyst Jeffrey Toobin said if the trend held, the vote in Maine would have enormous implications in favor of gay marriage elsewhere. "That's a big cultural change," he said. "Every time voters have spoken - every time - they have rejected gay marriage. But this shows the country is changing...
...searched for an event in northern Virginia on mybarackobama.com last week, you'd have gotten 72 matches: five events for the Democratic gubernatorial nominee Deeds, five for candidates out of state and about 60 one-year-anniversary parties for the election of Barack Obama. Charlie McKeon, a senior systems analyst at AOL, spent much of Sunday door-knocking for Deeds just a few miles from the McDonnell rally. Whereas last year the campaign offices overflowed with volunteers, resources and money, this cycle it has taken 200 calls to produce just one volunteer, he says. "That was a once...