Interview and discussion with Laurie Goodman of the Amherst Securities, talking about the housing market.
4:15
September 29, 2009 Bloomberg News
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"When the Fed is the bartender everybody drinks until they fall down." —Paul McCulley
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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January 14th, 2010 at 6:37 am
[...] Disclosures « In-Depth Look – Crash In US Home Prices May Resume [...]
January 14th, 2010 at 2:24 pm
This is good stuff Barry. Thanks for posting this and the other post on this. Is Laurie Goodman’s report available anywhere?
This is likely a bigger problem on the high end of housing prices than the low end — Alt-A, Jumbo, and pay options were tools that the upper middle class was permitted to shoot themselves with.
PS — Bloomberg is so much more intelligent than CNBC.