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U.S. Recession is Upon Us Now: Real Estate, Unemployment and Net Cash Flow Have Consumers Pinned Down

  There is no hiding the ball on fact that the U.S. Consumers are over-levered , real unemployment is 15%, and real estate prices continue to decline.

As we continue to advise, there will be no sustained economic recovery without a stable employment rate, affordable energy prices (non-inflationary), and a stable residential and commercial real estate market.

The U.S. consumer is substantially over-levered and their true net worth as measured by real estate holdings, and net cash flow has continued to decline from 2007-2010, while net debt continued to rise.