Home Resales Pending data shows slow but steady depletion of real estate values – result of debt, underemployment and stagflation
Tarun Sikhdar
Nov. 1, 2006

The pending resale of home figure is a clear indication that real estate prices will decline slowly as people understand there is nothing much left in that sector other than owning their own residential properties.

Real estate with heavy debt burden is something you want as the last resort when the economy is plagued with full but underemployment and stagflation. The demographic data suggests that the population growth comes from immigration. But new immigrants cannot make a head way in the underemployed low waged environment. They cannot afford even to rent unless every things comes way down in price. The ballooning debt driven boom in real estate has to correct at least 40% before any meaningful sustained buying can take place.

Home Resales Pending data shows slow but steady depletion of real estate values – result of debt, underemployment and stagflation
Tarun Sikhdar
The pending resale of home figure is a clear indication that real estate prices will decline slowly as people understand there is nothing much left in that sector other than owning their own residential properties...
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Lower construction spending is another sign of very weak real estate market and underemployed stagflation plagued economy
Sam Adelton
After providing all that incentives, the builders understand they cannot sustain the sales. The population growth is there but the underemployment in the economy will not allow selling homes and condos at that price levels.
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Market expected Conference Board Consumer Confidence at 109.5 but it came 4% short – another confirmation of recession
Sam Adelton
The stock market will be hurt the worst. While rates will remain comparatively high, the growth and earnings will collapse.
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Chicago Purchasing Managers index shows the economy is headed for a deep recession and most pundits and Fed are all wrong
Sam Adelton
The Chico PMI just says the recession has started within the umbrella of stagflation. It is expected now to turn into deflation driven deep recession if not depression.
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The jump in Conference Board Consumer Confidence shows temporary cheer in the mind of people on gas prices and stock market
Ratan Sen
The jump in Conference Board Consumer Confidence is interesting. People are relived at what they see in gas stations. They are happy to see the Dow going up steadily.
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Chicago purchasing managers' report will show a sharp decline – a long-term negative for the economy
Marla Guthrie
The Chicago PMI expected to come at 58 down from 62.1 last month. The trend is downwards and the effects are clear from auto and housing sectors....
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Employment Cost Index will show deceleration is rise – another sign of underemployment driven stagflation
Alan Hersey
The most prominent signs of stagflation comes from the inadequate rise in wages while employment is kept at a very level. That is exactly what is happening now.
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