demand for mortgages have sagged to a 27 month low, worse than at 2009 bottom. we have hit NEW RECORD of those needing government assistance, 30% owe more on their home than it's worth, inflation is heating up yet policies of ZERO rates by FED have not helped housing and yet they persist.... still got some work to do. I am BULLISH Stk mkt, BEARISH economy....I won't make mountain out of cremation remains.
If 7 of the last 8 recoveries were led by housing, and for good reason, what leads this one?
All anecdotes of people shopping, blah blah, are always there, but what DRIVES this "recovery".
If you cannot answer anything other than fiscal and historic FED intervention, don't bother. history tells us how that ends up.
BULL mkt in stocks, I'm not blind or dumb, enough to still ask why.
Duratek
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