Chris Lau - Seeking Alpha

Wednesday, April 01, 2009

Reasons to be a Growling Bear

The Numbers:
  1. 742,000 jobs were lost in the U.S. on a seasonally adjusted basis in March, up 36,000 from last month's revised figure of 706,000
  2. January 2009 housing prices fell 19% (this negates the positive aspect of higher new home sales and new existing home sales
  3. A phased GM bankrupcy. Splitting the "good" assets from the "bad" would be the best approach in enabling the market to determine asset values.
The Details:

2 - Source: "The New Year Didn’t Change the Downward Spiral of Residential Real Estate Prices According to the S&P/Case-Shiller Home Prices Indices"

Graph illustrating the hardest hit cities:


The U.S. government employment figures will be released this Friday.