Featured in Richard Suttmeier’s Stock Strategies Blog on EQUITIES Magazine Website
Richard Suttmeier’s latest post,” The Recession Is Not Over”, questions if the Housing Recovery is sustainable while examining the Case-Shiller Home Price Index and the first time homeowner tax credit.
Even if Q3 Advanced GDP comes in at +4% or so, the National Bureau of Economic Research (NBER) will not likely be calling the end to this Recession any time soon. Suttmeier suggests that one or two quarters of positive GDP should not be viewed as recovery given Consumer Confidence at 47.7, which is well below the neutral zone given hours worked with a 33 handle.
In relation to the Housing Recovery, the 20-City Index shows a decelerating year over year decline of 11.3% in August with seven months of improved reading thanks to the $8,000 first time home buyer tax credit.
To continue reading this post and to read more of Richard Suttmeier’s Stock Strategies, click here.
About Richard Suttmeier
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
