Tag Archives: Double-Dip Recession

Existing Home Sales Plunge 27%, Worse than Every Economist Forecast

Posted on August 24, 2010 by Mish

It’s time to face the facts: There never was a “recovery” by any rational measure. The alleged recovery was nothing more than inventory replenishment fueled by massive and unsustainable government spending waste with additional trillions of taxpayer dollars handed out in bank bailouts.

The plunge in existing home sales shows exactly what happens when free money handouts stop. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Real Estate Data, What You Need To Know About Buying and Selling Real Estate | Tagged Double-Dip Recession, Existing Home Sales, Extend and Pretend, Home Prices | Leave a comment

Housing Slide Will Seal Recession Fate

Posted on August 24, 2010 by Mish

Consumer demand is dead. That demand is not coming back anytime soon, and there is no driver for jobs if it doesn’t. Unemployment and GDP will both be extremely weak for the duration. Continue reading →

Posted in Best Of The Storm, Data, Data, and More Data, Economic News, Everything About Foreclosures, Fresh Perspectives, Home Economics, Social Mood Swings | Tagged Double-Dip Recession, Foreclosures, GDP, Home Prices, Shadow Inventory, Unemployment | Leave a comment

Big Wave of Commercial Foreclosures, Bank Failures Coming

Posted on August 23, 2010 by Mish

With office space selling 30% below the 2007 high in the top-10 US office markets, and with lease rates still falling, one should expect to see more foreclosures in major cities. Continue reading →

Posted in Best Of The Storm, Commercial Real Estate, Everything About Foreclosures, Fresh Perspectives | Tagged Commercial Foreclosures, Double-Dip Recession, Foreclosures | Leave a comment

So Where’s The Good News?

Posted on August 21, 2010 by John Mauldin

Bottom line? It is going to be a tough environment for the next 6-8 years. That is just what happens when you have a deleveraging / balance sheet / deflationary / end of the Debt Supercycle recession. It is what it is, and no amount of wishing or finger pointing can change the facts. Continue reading →

Posted in Best Of The Storm, Financial News, Fresh Perspectives, Home Economics, Industry & Technology, Investing, Social Mood Swings | Tagged Bush, Double-Dip Recession, GDP, Homeownership Rates, Muddle Through Economy, Obama, Recovery, The New Normal, Unemployment | Leave a comment

WSJ Interview with David Rosenberg

Posted on August 13, 2010 by Greg Fielding

I prefer to read and listen to the bloggers, economists, and investment strategists who have actually been right about the housing boom and bust. One of them is Gluskin Sheff’s David Rosenberg. He is smart, likable, and been proven right about how this global debt-deleveraging cycle is playing out. In short, when he talks, I recommend listening. Continue reading →

Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Debt, Depression, Double-Dip Recession, GDP, Recession, Recovery, Stock Market | Leave a comment