Downwind of a Ponzi Based Economy: Rancid Up-Chuck

A good article appeared in Marketwatch regarding the near full employment in residential construction. So far at least according to government reports only 47,000 jobs were lost in 2006. Several analysts including MER’s David Rosenberg went on to point out the obvious, namely that there is a lag between new starts, completions, and ultimately employment.

“What [...]

This entry was posted on February 8, 2007 at 8:32 am and is filed under Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.