Saturday , November 17 2018
Home / David Stockman's Contra Corner / Mind The Housing Indicators—Same Red Flags As 2006

Mind The Housing Indicators—Same Red Flags As 2006

Summary:
Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that’s not bad enough, it will likely get worse based on the same approach and factors that correctly flagged the housing bust — in real time — in early 2006. https://www.bloomberg.com/view/articles/2018-10-15/housing-prices-may-have-entered-a-cyclical-downturn

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes The Race Is On—Towards 6.0% Mortgages And Housing Bust 2.0

David Stockman writes Tech Bubble 2.0: When Dotcoms Became Unicorns

David Stockman writes Retail Sales Still Sliding: 5-Month Growth Rate Drops To 3.6% Annual Rate

David Stockman writes Draining The Swamp? Trump’s Nanny State FDA To Ban Menthol Cigarettes

Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that’s not bad enough, it will likely get worse based on the same approach and factors that correctly flagged the housing bust — in real time — in early 2006.

https://www.bloomberg.com/view/articles/2018-10-15/housing-prices-may-have-entered-a-cyclical-downturn

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *