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To: gregor_us who wrote (90415)	11/18/2008 5:54:13 PM
From: ggersh	Respond to of 116555

"What we can conclude is that average people, and especially economists who should know better are all overwhelmed emotionally by stock market action. Not economic data, not stories in the newspaper. And virtually none of them thinks that either the market or the economy could recover any time before 2010, or even 2011 because "this all just started last month." The "Stock Market" has become more and more a tool for fooling the people that all is well..It's been used , especially by the PPT and this administration. That is why they continue to try and prop it. All CNBC and other pundits mention is what can we do to help the "MARKET"....nothing else matters, except for Wall St.....

To: gregor_us who wrote (90415)	11/19/2008 11:00:34 AM
From: dybdahl	Respond to of 116555

I totally agree, and I can recognize similar mechanisms in Europe. For instance, in Denmark, actual house prices have been dropping since 2006, but nobody discovered that fact until much later, because the tag price was still growing - but so was the number of unsold houses. However, it seems that the number of houses for sale has reached a top: boliga.dk This indicates more houses being bought, or less houses put up for sale - the chart covers entire Denmark. House prices are still going downwards, but less so: (Chart indicates quarterly increases in house prices in Denmark) Is it a turning point? I don't know. Much of the official statistics is seriously delayed, but the boliga numbers are realtime. I don't believe that the timing will be the same in all countries. The first sign of relief is, when economies start to move less coordinated.