Leading indicators and lower housing starts manifest economic weakness and a recession in the making
Sam Adelton
Nov. 18, 2007

It will never become an official recession because the way Government and the Fed measures the economic growth can seldom go to the south of the zero number.

The economy is already in recession. The situation is becoming grimmer every day.

Housing starts in the U.S. fell to a 14-year low in October, signaling the real-estate slump will continue to weigh on growth. The leading economic indicators will show a fall of 0.3% confirming the recession.

Construction fell 1.9 percent to an annual rate of 1.15 million homes. That is a steady erosion in the construction base of the economy. Sales of previously owned homes fell in September to the lowest level since record-keeping began in 1999, while new-home sales rose from an 11-year low.

According to leading economists, and many econometric models, the economy would grow at an annual rate of 1.1 percent in the fourth quarter after expanding at a 3.9 percent pace in the previous three months.

The recession is here. Do not expect a negative GDP growth because the way it is calculated, it cannot go below zero so easily. If it does, it is no longer a recession – it is a depression.

Leading indicators and lower housing starts manifest economic weakness and a recession in the making
Sam Adelton
The recession is here. Do not expect a negative GDP growth because the way it is calculated, it cannot go below zero so easily. If it does, it is no longer a recession – it is a depression.
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2 billions dollars withdrawn from Brazil, India, China, Russia (BRIC) – 300 billion more to go in the next six months
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According to analysts, the collapse in carry trade, recession in US and Europe, Japanese deflation and total financial meltdown in financial system will force large investors to pull more than $300 billion from the emerging markets in the next six months.
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Gloom dominates world stock markets – markets can lose another 15% before the year end and another 30% next year
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The markets are in chill right now. In the next several weeks as more international financial insitutions announce their writedowns and plummeting reserves, the marjkets can go rapidly down mimicking a mini crash 1987 style.
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Home Resales Pending data will point to continuing slide in home values – a massive component of the financial meltdown as mortgage restrictions go into effect
Peter Oberois
The real estate market is suffering its worst nightmare. The sales are down. The prices have finally started eroding at a very rapid pace. The market is facing negative sentiment and mortgage restriction rules.
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Rising fuel prices and falling property values creating steep slide in retail sales – the recession has started
Neal Anderson
The economy is now shrinking as the retail sales plummet with exponentially rising fuel prices and a free fall in home prices. Add to that the sliding stock market, you are looking at a bleak holiday
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