Friday, October 27, 2006

gdp and housing

this is from roubini

The weakness in Q3 growth is widespread: real residential investment fell at an annualized rate of 17.4%, much worse than the 11.1% drop of Q2;

Even non-residential investment in structures that was growing at an annualized rate of 20.3% in Q2 slowed down its growth to 14% in Q3: you can expect a much sharper slowdown in such non-residential investment in Q4 and 2007 (the next bubble in the making...)

make sure you read this piece from mike larson about commercial real estate !!!!!!

make sure you see the coverage with great graphs!!! from paper money

plus a must see graph from calculatet risk that shows how much room to fall there is

the full piece on all aspects of the gdp numbers here


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