from Zero Hedge
It
would appear that Americans are in general an optimistic bunch. The
slightest green shoot of economic growth, or market trend-reversal, or
Tigers’ home run in the World Series and it is instantly extrapolated
into “what could be”. The US housing market (among others around the
world) is just such a glimmer of hope (and homebuilder stock prices
surely provide all the proof you need… just like JCP’s 12% jump on 9/19? followed by its 46% decline since…).
The trouble is, no matter how much you want something to happen;
sometimes, there really is no way it’s ever gonna happen. To wit, the young/old dependency ratios in the following six major economies of the world suggest whatever ‘Eastman Kodak’ bounce some housing markets are experiencing will inevitably be short-lived (no matter how much foreign cash is driven back into these advanced economies).
Continue Reading at ZeroHedge.com…
It
would appear that Americans are in general an optimistic bunch. The
slightest green shoot of economic growth, or market trend-reversal, or
Tigers’ home run in the World Series and it is instantly extrapolated
into “what could be”. The US housing market (among others around the
world) is just such a glimmer of hope (and homebuilder stock prices
surely provide all the proof you need… just like JCP’s 12% jump on 9/19? followed by its 46% decline since…).
The trouble is, no matter how much you want something to happen;
sometimes, there really is no way it’s ever gonna happen. To wit, the young/old dependency ratios in the following six major economies of the world suggest whatever ‘Eastman Kodak’ bounce some housing markets are experiencing will inevitably be short-lived (no matter how much foreign cash is driven back into these advanced economies).Continue Reading at ZeroHedge.com…
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