Sunday, June 12, 2011

Can't Buy A Clue

Diana Olick was discussing the state of the housing market and it wasn't just current bad news that bothered her.

I have to say, leaving yesterday's conference, I felt a strange unease, not because we talked about the same barriers to recovery that I talk about every day of the week, but because all these experts who are supposed to tell us when it's all going to be alright...don't have a clue.
So what does that mean? It means that a turn around by June of 2012 is very unlikely. The prospects for November 2012? Real Estate will be a dead weight on Democrat prospects.

1 comment:

LarryD said...

No surprise, really. Despite TARP, nothing is really being done to clean up the mess in the housing market.

Even when they get serious, the clean up will take a year or two, at least.