The American Jury Is Still Out; But the European Judge Condemns the Prisoner

Age of Wisdom, Age of Foolishness (11) Written by Adam Whitehead, KeySignals.com Age of Wisdom, Age of Foolishness (10) “The American Jury is Out, But the European Jury Has Voted”[i] reported on the unfolding courtroom dramas, on both sides of the Atlantic, in relation to the verdict on the economic recovery. Last week, the American …

Housing Smoke and Mirrors (23) – “On the Contrary”

Written by Adam Whitehead, KeySignals.com Housing Smoke and Mirrors “Equivocation” reported the transition in the housing market, from strength to consolidation, as interest rates rose in expectation of the Fed “Taper“. This transition phase became evident in the data and commentary in July. Moving into August, this has become an unequivocal consensus that the housing …

Housing Smoke and Mirrors (22) – “Equivocation”

Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors “I’ll Be Back” reports starting in July began to signal the point at which the rise in interest rates started to erode the strength of the housing market. Equivocal voices have now begun to opine much of the same.

May’s Consumer Credit, LPS Mortgage Monitor and JOLTS

by rjs, MarketWatch 666 This article is cross-posted with MarketWatch 666 and Naked Capitalism. It was a relatively slow week just past for economic releases, with only reports on wholesale inventories and prices and an almost unchanged report on May job openings reported, in addition to the regular weekly releases, which can be quite noisy. …

Analysis of the Housing Recovery Mirage

by Keith Jurow, Capital Preservation Real Estate Report At the end of March, it was announced that the 20-city Case-Shiller Index was up 8.1% year-over-year. Nearly all housing experts declared that this was further confirmation that the housing recovery was firmly in place. A few weeks earlier, Zillow had released its latest survey of 118 …