Saturday, August 14, 2010

"Recovery Summer"? Ugly Coming Up!

The real uglies are yet to arrive, according to CalcRisk.

The existing home sales report will show that sales collapsed in July

House prices are probably falling again, although this might not show up in the repeat sales indexes until September or October

...the second estimate of Q2 GDP will be released. This will probably show a significant downward revision from the preliminary estimate of 2.4% annualized growth

The unemployment rate will probably start ticking up again soon

It'll make for an absolutely WONDERFUL November.

1 comment:

Deekaman said...

And a Merry Christmas as well.