Why the focus on unemployment....unemployed dont shop, buy...

Why the focus on unemployment....unemployed dont shop, buy houses or pay tax...multiplier effect is huge.

US housing will be a slump for a decade or more...

Thats means US consumer credit will be stretched...retail numbers for 2010 will be terrible when stimulus is gone...the cash for clunkers deal is over in the US and car sales have plummeted...what do you think will happen to retail numbers when their stimulus cheques dry up.

Ditto Australia but also we have a housing bubble of monstrous proportions...no want likes to hear it, acknowledge it and all journos are conflicted as they own homes but I 100% assure you we have the biggest housing/property bubble in world history....yes Australia. at 8x average annual income for the avg house when word is 3x....unsustainable...and we now have sub prime borrowers thanks to the our generosu housing grants but they are drying up fast with a government in defecit.

Ill say the correction we had to have will last to year end. The small stocks may be in for a very very hard time.
Some of these momentum stocks will reverse hard over the next week.

One thing for sure this wont be a dull friday.