John Preston

Conspicuous Correlation: Retail Sales, June 2009 and Shrinking Home Values

I think this is what Robert Shiller and othhers have been saying for sometime, Shiller, since 2004...others since then...

.....that there was a connection between housing and consumption.....and that door swings both ways.....

The battering that housing has absorbed has manifested itself in obvious bruises to the general economy....