Earlier, I have wrote in my blog that it is a good thing that housing starts declined as much as they have. The reason is that supply of new homes has to drop below the demand so that unsold inventory can begin to be reduced. The demand side of equation is growth in number of households. In an interview with Wall Street Journal Alan Greenspan is basing his housing analysis on the same idea. (I guess I was not sleeping in economics class after all).
Interestingly;y, he suggests that immigrants account for 1/3 of new households and therefore liberalization of immigration laws would help significantly in depleting unsold inventory thus reversing housing slump and getting economy out of malaise. I would assume converse to be true as well.
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dear Mr. Rubik,
I've read all your comments on trading system on C2, are you testing also the free-one system?
Only 2 on 12 that work is not a very good result, I thought they could do the miracle, but it isn'it.
The new one subscribed HT-Tradingadvice is based on a personal discretionary strategy of an italian engineer that has his blog at:
http://hypertrader.investireoggi.it/
If you understand italian language and like to get more info you could visit it.
Many thanks for your comments they are very useful for C2 users.
P.A.
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