Check out some of the charts on the homebuilding stocks. They are off because of an article in the NYTimes.
Housing falling off a cliff.
- Thread starter areyoukidding?
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this stuff is coming off hard.
lol, off the cliff. hang on to your houses.
These charts are finally are coming unwound. some reckon that housing is 1/3 to 2/3 of the current economy. that could spell trouble for the bulls out there.
Care to provide a reference for your above statement that housing is 1/3 - 2/3 rd's of the current Economy?
Last time I checked, consumer spending accounted for 70% of the Economy.
Private Investment - - - encompassing spending by businesses on plant and equipment, inventory accumulation by business, and housing construction - - - accounts for about half of the balance.
Government Spending - - - accounts for the rest.
If we had a housing slowdown - read people stop buying condos to flip - and things went back to a more rational housing market ther probably will be a hit to consumer spending over the short term and some condo and housing speculators might get burned .... but I dont see any type of big shock to the economy since these things tend to unwind slowly and thus can be managed.....