– The stock market is a bad indicator because its completely disconnected with what is happening in the real world. Remember the stock market has predicted 6 out of the last 0 economic recoveries and 12 out of the last 9 recessions.
– The peak of the alt-a option arm recasts will be in 2011.
– Unemployment was the driving factor in the last 2 housing collapses in California. Unemployment affects housing a lot more than it does the overall economy.
