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I have a suggestion, when posting meaningless data, name your fucking source.
The homebuilders rallied hard today, on the expectation that the housing boom will continue, albiet at a slower pace.
I think California home prices will go down 5-10%, nationwide they will be stagnant.
The economy will bumble along, with slower reported GDP than today, but still not in an official recession.
I think inflation will pick up a bit and will continue to outpace incomes, making most people feel like they are treading water.
Corporate profits will remain strong and lending costs will remain low.
SQT, shit man, whoops.
Mr. UP, I'm sorry, especially about the whole "wife with an ass an axe handle wide" comments. But then again, you can drink em pretty but you kain't drink 'em thin.
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Okay folks, Happy New Year to you all and good tidings (even if you're a Republican) and yada yada yada. Let's get down to business: what do YOU think 2006 has in store for the US Economy? I know most of us see a housing slowdown as a foregone conclusion at this point, and the past 2 to 3 months of data seem like a whole lot more than just a "Holliday slowdown." But how much of a housing drop do you see, what areas of the country will lead the charge, and how will it affect GDP and our countries' overall economic health? How will the stock market fare in '06? We've already seen the beginning of the "January effect" in the stock market with a nice rally to start the year off ; how long will it last? How about the bond market, are lower prices and higher yields finally in the cards for '06? Can the American consumer continue to spend despite 6 straight months of a negative savings rate? Will the current account defecit and our addiction to cheap Asian Wal-Mart plastic crap continue?! Is gold the next bubble?! Will energy prices stay high or will we see demand erosion with an economic slowdown??!! So many issues, so many possibilities. Come on now armchair Economists, now's your chance to weigh in!
#housing