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 (263049)	7/22/2010 12:05:41 PM
From: LLCF	Read Replies (1) of 306849

<Maybe we have bottomed> Maybe... but unemployment hasn't hit 20% yet, so I doubt it. data.bls.gov Seeing 'some' retailers of silly un-needed products closing up, but not many. Yet. economix.blogs.nytimes.com Sustainable? How? What the chart is missing is that consumers of 30 years ago also MANUFACTURED stuff. Today, they are supported by a lattice work of businesses that ultimately give China IOU's and get dirt cheap goods in return. The game has been kept going by ever declining interest rates to goose debt volume at any little hicup in the structure. Well, rates are zero (with every widow and orphan has plowed into the stock market to try and make "something" btw... nice job Ben and Allan)... soooo??? Who's gonna buy stuff? Well, the folks manning the cash registers @ various mall stores still run out to Chili's for a burger (for now)... there's some sales! Prayez pour Nous DAK

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