It's a very solid quarter. The fundamental of the economy is extremely robust, which doesn't exclude the effects of the hurricanes.
It's still a welcome number. It showed sustained labor conditions outside of the areas impacted by the two hurricanes.
Extremely overvalued and confront a high risk of a future price correction.
Slow, drawn-out affairs, taking an average of three years to play out.
If we see economic indicators continue to weaken at the pace they have weakened in the past month, then I'm wrong. We could not only see mortgage rates continue to soften, but hold at lower levels for quite a substantial period -- maybe the first half of next year. But I don't think that's likely to happen.
This is a very favorable report. In the context of what we've seen in the recent past, the Fed is right to say that inflation has been quiescent. It gives them more latitude to forestall an inevitable rate hike.
This virtually guarantees another record year.
I think the market is responding now to a perception of the increased possibility of recession, which I do not see.
These areas are at an especially high risk of future price corrections.
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