The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (255769)	6/21/2010 8:56:04 AM
From: Giordano Bruno	Read Replies (1) of 306849

Meredith Whitney: "No Doubt We Have Entered A Double-Dip For Housing" Highlights from an interview by Meredith Whitney currently on CNBC (full interview to be posted later): •A double dip in housing is a certainty •State economies are plunging, and are $200 billion underwater, will lead to 2 million in state-level layoffs leading to a low-end impact; raising taxes at state level will impact the top-end •Retail sales have been stronger only due to consumers not paying mortgages, retail sales have already topped as is •Q2 bank results will finally catch up with accelerated mortgage foreclosures; charge-offs and delinquencies in credit cards are better due to mortgage non-payment cash flow going to other obligations, and this will soon top as well •Structural employment issues in the US won't get better any time soon zerohedge.com

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