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(an email exchange)
> On Mon, Aug 4, 2008 at 7:50 AM, Russell wrote:
> I am more and more convinced housing is not near a bottom.
> Granted, I have no idea what the recent Housing Bill will do. But I
> think housing problems are going to cover the entire swath of
> America ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ not only Subprime, but also Alt A and even Prime.
could be, but would be very unusual in an economy with a growing gdp supported by what may now be endless fiscal packages.
the actual housing slump could be mostly old news unless/until gdp softens again as most are forecasting in q4.