However, that last datapoint looks worrying. It is pointing south. Could the market be double-dipping?
Sunday, 9 January 2011
US house prices - where next?
However, that last datapoint looks worrying. It is pointing south. Could the market be double-dipping?
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2 comments:
A double dip for sure.
Id suggest taking recessions as reference points for where we "ought" to be, when inflation isn't distorting our perceptions. Say, 1982, or 1992-ish. Or as far as the stockmarket is concerned, even early/mid-2003. At these times, I felt the situation was tough, but we were finally facing reality.
These were points when the economy was becalmed because of previous pilot errors, and they offered the opportunity to reset the course; but the captain ordered the engine room to go full steam ahead, reckoning to smash the rocks when we hit them.
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