More confirmation on housing deflation

Housing-Deflation

It looks like the mainstream media finally have started to pick up on what is being reported in the blogshere about the slowdown in housing. CNN has an article about the slowdown but still trys to qualify it by saying “it might just be there could be an element of self-selection, with agents suffering a slowdown more inclined to vent.” What will the FED do as this becomes apparent to even them? If the FED stops rasing rates or even has to cut rates what will happen to the dollar support? How will China and Japan react to a rapidily devaluing dollar? I think gold is sniffing this out.

Leave a Reply

Your email address will not be published. Required fields are marked *