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

To: orkrious who wrote (260025)	7/12/2010 9:11:43 AM
From: carranza2	Respond to of 306849

Yes, that's what he said but he didn't really suggest a mechanism for it. That left me scratching my head. If he meant that China would be the engine of reflation, he contradicted himself. Very fuzzy and unclear, IMO. If additional stimulus would result in reflation, he failed to take into account the political headwinds against it. Noland actually spent more ink discussing the fact that the cost of CDS on Illinois and California debt is higher than the cost of insuring Portugal's and Spain's. This is hardly bullish. With CRE hitting the skids, employment stalling, MZM and M2 growth negative, ECRI's leading indicators suggesting double dip, the states and municipalities in dire straits, and credit not growing, it seems to me that bullishness is justified only if one is a contrarian.