Sure amarkiii,
A collapse so big is coming, we will not believe it, I think. The green shoots are nothing but big brown weeds.
20% of the residential mortgages are under water. Some say it will get to 50% later on. 9.4 months supply of houses is a joke. According to the government, the supply has declined. Sure it has. The real number is way over a 12 month supply.
They are holding off of foreclosures. A collapse is imminent in the REITs. The amount of commercial space that is unleased is staggering and getting worse every day.
The unemployment rate is much higher than we think. Probably way over 15%. Some say 16.3%. Unemployment is over 11.5% in California and over 12.5% in Nevada and over 13.5% in Vegas. Wait until January.
The reason cars sales are up is the cash for clunkers (over 497,000 cars sold so far).
This is classic - a depression all the way.
I could go on but you know the story
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