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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (210450)	7/14/2009 11:21:49 AM
From: Perspective	Respond to of 306849

I actually think the "news" will be pretty good, if you mean earnings releases. Q2 was the resumption of business, with a lot of pent-up activity from the prior two quarters. However, what is going on presently in Q3 is likely a different story. Pent-up activity from the business stoppage in Q1 is gone; we're now going to find out what the "new normal" looks like. Absent the 10% of GDP that depended upon the unending extension of credit to parties that could never possibly repay their debts, I suspect it will be much worse than the market is pricing in. And we still haven't dealt with all the bad loans, the cholesterol clogging the financial circulatory system of our economy. `BC