Wednesday, November 28, 2007

Jas Jain on Housing Market

Date: Wed, 28 Nov 2007 12:53:42 -0800
From: Jas Jain

CA SFH Median Price, for the Past 6M, Dropping at 30.8% Annual rate; Down 16.8% From Peak In Apr’07



Jas

Tuesday, November 27, 2007

Jas Jain on Goldman Sachs

Date: Tue, 27 Nov 2007 16:27:28 -0800
From: Jas Jain

11/27/07

“Goldman has definitely turned significantly more bearish on housing and the economy.”

Goldman Sachs on Housing:

http://calculatedrisk.blogspot.com/

Leaders in forecasting are early and followers are late. Then there are what-me-worry clueless who fail to notice that US economy is a disaster that has been waiting to happen for a while. Now, the ball has started to role. We are already in a recession, to be followed by deflation and depression next year.


Commodities bust may already be in the early stage. When the Credit Bubble starts to burst the party is over.

Jas




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