Don’t bet on a 2010 economic recovery. 10 stunning charts showing no housing recovery moving forward and weak employment growth. Employment, construct

If the housing market is to see any sustainable growth moving forward we need to shore up our employment base. Fundamentally there has been a tremendous disconnect from measuring real estate growth and employment. This disconnect was the red hot fire that fueled exotic mortgage financing and led us into the biggest housing bubble the nation has ever witnessed. From 2000 to 2007 weak growth in the real economy didn’t stop housing from going up because lax lending and easy credit created a shadow economy based on funny money and neurotic real estate passion. It seemed like times were good but I’m sure a drunk also enjoys his buzz and isn’t thinking about the next day hangover. As of today, the entire housing market is being held up by a thread spun by incredible government intervention. When 95+ percent of all loans being originated come from Fannie Mae, Freddie Mac, and FHA insured loans you know this is unsustainable. (more)