Team Hedge Fund

“Given that housing leads recoveries (more specifically housing starts followed by new home sales), this is another nail in the coffin that suggests there has been no recovery except in financial assets. Moreover, that financial recovery is only a result of unsustainable stimulus that is now quickly fading into the sunset.”
Go to Source

Related posts:

1. Tudor Investment Calls Stock Gain a Bear-Market Rally
2. 27 million believe home is underwater
3. America’s recovery: Off-target and insufficient
4. Pending U.S. home sales up seven months in a row
5. 59% of New Home Sales Use Government Loans