us retail should be alive and well, considering around 70% of the foreclosures (due to the record homeloan delinquencies) are coming before the courts on fraud charges.
the US have coined the term fraudclosure to deal with it all.
loans are now being dismissed outright, leaving the homeowner unencumbered - cool hey? opes prime and the many foreign investment spinoffs paid for the original principal anyhow. what didn;t get onsold in 2006/07 got paid back via tarp and talf.
US S&P retail index - onwards and upwards (link)
... and uncle sam says 'thanks for coming'!!!
this weeks eurusd analysis, page-26
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