I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Boy, we just adverted a government shutdown, hell is breaking loose in Wisconsin (etc), public sector worker jobs are being slaughtered, new house sales at record low. So of course, super bullish numbers come out.
Remember the old rule, the more bull...
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My guess is the overall delinquency rate has peaked, although I expect the delinquency rate to stay elevated.
http://www.calculatedriskblog.com/2011/01/question-3-for-2011-delinquencies-and.
html
Distressed house sales: Foreclosure activity is very h...
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Here’s the official version of the Housing Market update which includes my earlier public rant on the new house sales data released today.
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The total number of employed persons remained near the lowest levels since 2005, and the total number of mortgage purchase applications stayed near the lowest levels in 14 years, this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within...
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The new house sales data reflects the impact of the ending of the housing tax credit, reflecting severe ongoing weakness. The Case Shiller data is, as usual, irrelevant, immaterial, misleading, and wrong. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
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Russ Winter and Lee Adler unspin the ConCon data, the Lying Economic Indicators, the Case Chiller, new house sales, and the revival of a dangerous Treasury borrowing program. Also we debate homebuilder economics, and Russ talks about the problem with inventories, and the FDIC.
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I made a little chart yesterday for a free podcast that I didn’t have time to post over on Radio Free Wall Street. I’m discovering that it’s a lot quicker to type a post than it is to talk about an issue for a few minutes and then produce a decent sounding podcast. But...
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Lee Adler goes solo this week and why the the Con con is a con, and expounds on the non-existent housing recovery, the horror show in the Treasury market including data on the crash in Federal tax receipts now under way, and the technical outlook for the stock market. Radio Free Wall Street subscribers...
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