Retail sales stalling, trade and budget deficit worsening and consumer index dipping – the US depression worsens but real estate may be bottoming
Sam Adelton
Mar. 9, 2008

The next week economic data will point to the fact that retail sales is stalling, trade deficit is worsening, and consumer index is further dipping. The US depression worsens and the financial meltdown triggered by mortgage collapse continues.

A weakening job market and rising gasoline costs are hurting consumer confidence and spending. Consumer spending at U.S. retailers slowed in February as increasing fuel costs eroded Americans'' buying power.

The trade and budget deficit worsened. The lower dollar finally gives up on improving the trade deficit. The Federal budget deficit worsened from $120 billion in red to $170 billion in red. The trade deficit worsened from 58.8 billion to 60.0 billion. The University of Michigan consumer confidence most likely dipped below 69.

Bush Administration and Paulson must be commended on their efforts to stablize the housing market. Lumber futures are tredicting a bottom in residential real estate in the next several months.

Retail sales stalling, trade and budget deficit worsening and consumer index dipping – the US depression worsens but real estate may be bottoming
Sam Adelton
The next week economic data will point to the fact that retail sales is stalling, trade deficit is worsening, and consumer index is further dipping. The US depression worsens and the financial meltdown triggered by mortgage collapse continues.
READ MORE>>

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