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My best guess of the next several years. (just a worthless guess).
See Troy's chart above.
I just meant
I understood what you meant, and I said you were right.
ok--my apologies
So that’s equilibrium, and it will take terrible news to take things lower. Really ?
I would say, maybe we are just past the inflection point. And the rate of decrease going forward will be nothing like it was in 2007 to 2009
I generally agree with your future estimate above.
Unknowns are how many QEs the Fed has in them. QE2 is getting demagogued all to hell and it hasn't even started yet.
But we are by any means out of the woods yet. No jobs, no inflation, no recovery.
http://research.stlouisfed.org/fred2/series/PAYEMS/
and
http://research.stlouisfed.org/fred2/series/CIVPART
and
http://research.stlouisfed.org/fred2/series/USGOVT
and
http://research.stlouisfed.org/fred2/series/USEHS
are pretty ugly in their confluence. If the Republicans start walking their talk, they're going to want spending cuts -- which have to hit health and education since military spending is holy -- when they take over next year.
Hello 1937.
Or if that was just their usual BS and they just want tax cuts, then the debt pileup is going to be interesting. China has already stopped buying treasuries I guess.
http://www.ustreas.gov/tic/mfh.txt
Hello $10 gas and $5 hamburger.
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What year, in the past, best describes where you think home prices (nationally) should be... 2002/2001/2000/1912/????
Doom and gloom aside, would love to hear every ones thoughts.