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.
And a Merry Christmas as well.
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