Stagnant to flat housing

[powayseller]

Stagnant to flat housing prices shut down the consumer ATM. There will be a 0-18 month lag, but signs are beginning.

Casinos, cruise ships,and retailers are feeling the pinch.

So we will see declining sales and falling stock prices in all businesses which serve consumers. 6-12 months later, we will see declining sales and stock prices in businesses which serve businesses, i.e. production and manufacturing. Next comes capital spending. Layoffs at each level.