I apologize for the multiple independent posts this evening but some of the functionality on this blog seems to be down for the day. Here is a nice piece from Calculate Risk on how home sales are doing poorly and usually reboud 3-6 months before a recession ends. Not doing so yet. There is probably some correlation explaining this but it escapes me. They also note how unemployment usually continues to do badly after a recession ends and this one is not there yet. As usual, they have nifty graphs. This site is one of my favorites for statistics in understanding how bad things are this time around. As the articles they quote note, this one is different. I think fourteen months into the recession, that fact is a bit hard to ignore.
http://www.calculatedriskblog.com/2009/01/new-home-sales-and-unemployment.html
Disclosures: None
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