Terrific pair of charts from Ron Griess The excesses in the prior cycle (2001-2006) have made the current run utterly abysmal:
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Click for larger graphs
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All charts courtesy of The Chart Store
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.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
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April 26th, 2011 at 12:51 pm
beats “less than zero” i guees. what was that movie again? Glengary-glenross? Anywho “strangely silent” here and everywhere else. where are all the hats and hooters as the market continues to power higher? let me guess: “destroying your government only helps mr. boring equity guy more.”
April 26th, 2011 at 1:20 pm
@ blackjaquekerouac
Tip o’ the fez to you sir, for sneaking in the Steely Dan reference.
April 26th, 2011 at 1:24 pm
Not surprising to see housing starts so low, given the nature of the bubble that burst… also, how do we have 1980 and 1981 in there with totally different looking curves? (One should just be offset 12 months from the other if we’re doing apples to apples.)
April 26th, 2011 at 1:43 pm
i’m sorry “did you say a bubble burst?” you mean “one can apply equity analysis to housing market as well and make all the hopium bs go away WITH EASE?” unless of course by “hopium” i mean “i can actually afford a house and live in it now” since “of course only CONSERVATIVE people can’t stand that.”
April 26th, 2011 at 2:02 pm
With all of the bad news about housing today, I’m sure glad we’re out of the recession.