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Christopher Hossli
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I am an Investment Adviser Representative with Primerica Advisers. Working on building my managed accounts business as well as growing my team of agents. I have in interest in Macroeconomics with a particular interest in how the changing economic climate affects the financial markets.
My blog:
Fiat Folly
  • New Home Sales Down 33% 0 comments
    Jun 27, 2010 12:26 AM | about stocks: NLY, HTS
     We are witnessing the first slip in a long and steady slid for housing prices, with the government tax credit expired, consumers now have no incentive to take on 2, 3, or 4 hundred thousand dollars worth of debt. The combination of high unemployment, non-existent job security and very tight lending conditions have all but extinguished consumer demand. All this will lead to depressed home sales and home prices for years to come. This is the beginning of a double-dip recession, not in nominal terms but in real terms.

    Disclosure: No Positions
    Themes: Housing, Economy Stocks: NLY, HTS
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