It seems very likely … if not, then at minimum zero growth in late 2010...
Fannie Mae Economist "expect the home-building industry to be tested until early 2013 before demand will catch up with the large supply of houses on the market". There are too many houses. The market clearly needs to clear.
The "Financial" Crisis turned in to the "Fiscal" Crisis with Europe at the center of it. Expect Greece to default and get kicked out of the EU or the only alternative is the EC creates a single Central Bank, which is highly unlikely.
China real estate bubble is deflating FAST …..taking down China's financial and real estate equities, and world commodity prices….
And the demand for temporary help in the US has dwindled, along with many small businesses still reluctances to hire, claiming bleak opportunities.
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