Jonathan Ganz wrote:
In article ,
katy wrote:

Jonathan Ganz wrote:

In article ,
katy wrote:


http://www.frbsf.org/publications/ec...ews/index.html
Yeah..there's an imminent Depression starting up in San Francisco...right...


Never used the word depression.... interesting that you did. g

Interesting article.


Yeah..it mostly refutes what you were saying...or seriously diminishes
what you were saying...


I was thinking it actually supports it. I think you need to read it
again.


From memory didn't it say unemployment was less than 5% and that
although sloppy, the housing market was pretty much stable? And that
durable goods were doing fine? A less than 5% unemployment rate means
the employable are employed...people buying durable goods means they
have the money to do so or the credit, and the hosuing market has been
so overinflated nationwide that it was due to take a decline just to
even itself out..speculation building has been going on for quite some
time and now new real estate isn't the commodity it was...