Market Monitor January 13, 2012


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Run down on the repulican canditates.

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Market Monitor January 13, 2012

  1. 1. I s su e 13 , Vo lu me 2 / J an u ar y 1 3 , 2 012Candidate Platforms on the Economy & Housing The Week Ahead -> The “Keys”Tim McLaughlin - A plethora of housing data this week to start the year With the Republican Primaries well underway, we analyze someof the candidate’s platforms on two of the topics that will drive our Date Economic Release Prediction Lastindustry over the course of the next four years: the economy andhousing. 1/17 Empire Manufacturing 10.50 9.53The Economy: 1/18 MBA Mortgage Applications - 4.5%Romney: A proponent of lower taxes, less regulation, and a 1/18 PPI (MoM) 0.1% 0.3%balanced budget. Proposes the repeal of Dodd-Frank, a lawtoughening financial industry regulations after the meltdown in that 1/18 ex Food and Energy 0.1% 0.1%sector. Proposes changing, but not repealing, Sarbanes-Oxley, alaw tightening accounting regulations in response to corporate 1/18 PPI (YoY) 5.1% 5.7%scandals, to ease the accountability burden on smaller businesses. 1/18 ex Food and Energy 2.8% 2.9%Santorum: Spur jobs by eliminating corporate taxes formanufacturers, drill for more oil and gas, and slash regulations. 1/18 Industrial Production 0.5% -0.2%Repeal every Obama-era regulation that costs business more than$100 million a year. 1/18 Capacity Utilization 78.1% 77.8%Huntsman: End corporate subsidies, cut regulations, lower taxes, 1/18 NAHB Housing Index 22 21spur jobs through energy development; seek repeal of PresidentBarack Obamas health care law. Break up megabanks as a hedge 1/19 CPI (MoM) 0.1% 0.0%against future bailouts of the industry. 1/19 ex Food and Energy 0.1% 0.2%Gingrich: Repeal the 2010 financial industry and consumerprotection regulations that followed the Wall Street meltdown, and 1/19 CPI (YoY) 3.1% 3.4%repeal the 2002 regulations enacted in response to the Enron andother corporate and accounting scandals. Restrict the Feds power 1/19 ex Food and Energy 2.2% 2.2%to set interest rates artificially low. 1/19 Housing Starts 685K 685KPerry: Spur economy by repealing rafts of regulations, Obamashealth care law and Dodd-Frank toughening financial-industry 1/19 Housing Starts (MoM) 0.0% 9.3%regulations after the meltdown in that sector. Create jobs in energysector by removing obstacles to drilling and production. Cut 1/19 Building Permits 675K 680Kcorporate taxes. 1/19 Building Permits (MoM) -0.7% 5.7%Paul: Return to the gold standard, eliminate the Federal Reserve,let gold and silver be used as legal tender, eliminate most federal 1/19 Initial Jobless Claims - 399Kregulations. 1/19 Continuing Claims - 3628KHousing: Sadly, the silence has been deafening regarding thecandidates stance on housing and their plan to revive the sector. A 1/19 BB Consumer Comfort - -44.7couple of quotes are as follows:Romney: “Dont try to stop the foreclosure process. Let it run its 1/19 BB Economic Index - -17course and hit the bottom. Allow investors to buy homes, putrenters in them, fix the homes up and let it turn around and come 1/19 Philly Fed Survey 11.0 6.8back up.” 1/20 Existing Home Sales 4.65M 4.42MPerry: “Immediate remedy for housing is to get America workingagain. Creating jobs will address the housing concerns that are 1/20 Existing Home Sales (MoM) 5.2% 4.0%impacting communities throughout America." Mortgage Access Corp. d/b/a Weichert Financial Services, Executive Offices, 225 Littleton Road, Morris Plains, NJ 07950. 1-800-829-CASH. NMLS Company ID: 2731. Licensed by the NJ Dept of Banking and Insurance. Licensed Mortgage Banker with the State Dept of Banking in NY and CT. Licensed by the Pennsylvania Department of Banking, Mortgage Lender 21042. Licensed Lender in AK, AR, DE, MD, D.C., GA, ME, MI, MN, WI, IA, IL, IN, LA, VT, FL, WV, RI, KY, NC, ID, MS, NE, WY, OK,TN, WA. Licensed by the Virginia State Corporation Commission, License #ML105. Licensed Mortgage Lender in the Commonwealth of Massachusetts. License #ML1713, Certificate #43155. Certificate of Authority to transact business in CO, SC. Registered Mortgage Lender in TX. Licensed with the Financial Institutions Division in New Mexico, License # 01297. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Licensed Mortgage Broker and Lender Ohio. Licensed Loan Broker and Lender Rhode Island. Kansas Licensed Mortgage Company, License #MC.0001229. Licensed by the New Hampshire Banking Department, License # 8714-MB. Licensed Oregon Mortgage Lender License #ML2528. Weichert Financial Services arranges loans with third-party providers. Equal Housing Lender.