( Read more... )

After many months of relatively high expectations, now hit by a run of not-so-great economic news, this week global stock markets, commodities and more all appear to be in some varying degrees of a corrective mode.

See also recent posts with the tags:  "Growth Recessions" and "Double Dips"

CNBC
Pisani: More Bad Signs for US Economy
A deceleration in the ( Read more... )

CNN
Home Prices Fall 4.1%, Near 2009 Lows -- And May Fall More
Feb. 23, 2011

Home prices took a big hit at the end of 2010, even as the rest of the economy gained steam.

National home prices fell 4.1% during the last three months of 2010, compared with 12 months earlier, according to the latest report from the S&P/Case-Shiller home price index, a ( Read more... )

Bloomberg
Banks Need New Capital on Housing Dip, Whitney Says

U.S. banks need more capital to withstand a renewed drop in the housing market, according to analyst Meredith Whitney.

Banks aren’t prepared for a “double-dip” in housing, which “it looks like we are having,” Whitney said today on Bloomberg Radio’s “The Hays Advantage.”

“They need higher ( Read more... )

As a leading indicator, a double dip in housing makes an imminent double dip in the entire economy much more possible.

From Econoday.com
Released on 3/15/2010 1:00:00 PM For Mar, 2010   PriorActual Housing Market Index17 15  ( Read more... )

Bloomberg:
Greenspan Says Crisis ‘By Far’ Worst, Recovery Uneven

Feb. 23 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the financial crisis was “by far” the worst in history and called the recovery from the global recession “extremely unbalanced.”

The world economy has undergone “by far the greatest financial crisis ( Read more... )

( Read more... )

From Calculated Risk:
Housing Starts Decline Sharply in October

( Read more... )

After narrowly escaping another 1930s-style Great Depression and getting by with what most media have been calling a "Great Recession," the nascent recovery continues to be threatened by the recession's underlying deflationary forces that only grew much stronger as a result of the global financial panic that ensued. The risk of a pronounced double ( Read more... )

As can be seen in the graph below, if this recession is indeed truly over, this would be the first recovery of the last 40 years where housing starts remained below 800,000 SAAR, which if adjusted for population should actually be running well north of even that number in a typical recovery.. It seems very reasonable to conclude that this recovery ( Read more... )