I guess my own area is a wasteland even as prices are at the highest it's ever been. Young real live Americans are moving in.
The notion that housing is collapsing is not shared by the home builders.
10 year note is rising because the artificially low yields are about to meet up with a program that is hell bent on finding a terminal point. no panic, no major move. Under 3 percent isn't exactly a panic. Where is your evidence that housing is falling apart?
As for jobs and the economy, wouldn't the retail sales and the like be an indication if the lack of full time additional jobs is causing a problem. I heard this argument for years and yet the only rational I get back as to why the economy is still moving along is because of Fed manipulation. Yes we are talking major conspiracies. Not the known stuff like QE, or rule changes to favor banks. If you can't explain why a situation is going against you for a long period of time perhaps its because your assumptions are wrong.
Saying all that the recent big move up in yields have to be absorbed. I am now leaning toward a 10 percent correction soon before we see evidence that housing is once again going to be a bright spot. Gold meantime should do well. breakout and short squeeze could push it up this week to perhaps 1428. only a short term play.
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