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Some Headlines of Interest
Posted By Barry Ritholtz On October 4, 2005 @ 11:15 am In Economy | Comments Disabled
I’m mostly out of pocket today (holidays and all that), but a quick look at the papers reveals that the US is still on target for a decaying economy and eventual hard landing:
• Slowing Is Seen in Housing Prices in Hot Markets 
sigh . . . old news
• Bankruptcy Filings Soar As Tougher Law Nears  http://online.wsj.com/article/SB112839161016359261.html
This one is going to be nasty
• Big S.U.V.’s Lag in Sales, Hindered by Gas Cost  http://www.nytimes.com/2005/10/04/automobiles/04auto.html
In September, industrywide sales of large S.U.V.’s were down 43 percent from a year earlier.
(See also: Sales of SUVs Fall Sharply 
• Oil Producers Gain Global Clout From Big Windfall  http://online.wsj.com/article/SB112838919128959188.html
There’s a security issue, here, as well as an economic one.
• Home Builders’ Stock Sales: Diversifying or Bailing Out?  http://www.nytimes.com/2005/10/04/business/04builders.html
A friend observes: Don’t you know why the bigwigs are blowing out in size? Simple: Because they think the stock is gonna’ trade higher.
I have a few words here:
• If housing slumps, how safe are you? 
Housing now infects everything
Lastly, PIMco’s Bill Gross  opines that "If real housing prices decline in the U.S. in 2006 or 2007, a recession is nearly inevitable."
I am all too well aware of my own biases and selective perception; As of now, this remains a minority viewpoint. By the time it becomes the dominant meme, I will (hopefully) be looking to go long . . .
Have an informed, happy and healthy New Year!
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/10/some-headlines-of-interest/
URLs in this post:
 Slowing Is Seen in Housing Prices in Hot Markets: http://www.nytimes.com/2005/10/04/realestate/04reals.html?ex=1286078400&en=bc02d363f8f48191&ei=5090&partner=rssuserland&emc=rss
 Bankruptcy Filings Soar As Tougher Law Nears: http://online.wsj.com/article/SB112839161016359261.html
 Big S.U.V.’s Lag in Sales, Hindered by Gas Cost: http://www.nytimes.com/2005/10/04/automobiles/04auto.html?ex=1286078400&en=904f724d5f7eeb5a&ei=5090&partner=rssuserland&emc=rss
 Sales of SUVs Fall Sharply: http://online.wsj.com/article/SB112810411178056944.html
 Oil Producers Gain Global Clout From Big Windfall: http://online.wsj.com/article/SB112838919128959188.html
 Home Builders’ Stock Sales: Diversifying or Bailing Out?: http://www.nytimes.com/2005/10/04/business/04builders.html?ex=1286078400&en=7d2a34f061a179c9&ei=5090&partner=rssuserland&emc=rss
 If housing slumps, how safe are you?: http://www.msnbc.msn.com/id/9582621/
 Bill Gross: http://www.pimco.com/LeftNav/Late+Breaking+Commentary/IO/2005/IO+October+2005.htm
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