Dabbio

S&P/Case-Shiller Housing Numbers

There is a second derivative improvement. The questions is, is it permanent? It could be a turnaround, but I believe it is just a shelf.

Getting the Real Estate Crisis Right

I still see single sector thinking dominant. Look, consumption and employment are critically tied into housing. It was housing, cheap Chinese imports, and easy consumer credit that fueled the consumption binge. Now, we are going to see it work in reverse. (Except, let's hope the Chinese don't raise prices.) Even if people don't sell their houses, they are going to HAVE to cut back on consumption to make the higher payments. This is going to seriously impact profits and employment. And then people are going to HAVE to sell their houses. See where this leads?