Future Home Sales are a big question. We see as much as eleven years of inventory at the current selling rate. This slow down is now only affecting Lowes and Homes Depot, but sears is also in trouble. Last Monday, sears told investors that its fourth-quarter earnings would be well below Wall Street forecasts as eroding sales push down its potential profit as much as 57% from last year.
We are seeing signs of a recession as the economy cools down. In fact, we could even see a depression as banks start to fail.
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