Archives for January 2008

Trying to Make Sense of Things?

There has been much made of the poor US Retail Sales Data for December.

However, the figures were only down 0.4% on November. The most likely explanation being that some early Christmas shopping occurred November; and the increase in gift-card sales will not come through until early in 2008.

Clearly, the Sub-prime issues are having some effect. But, if you follow HS Dent at all — their view is that … “a short, mild recession is indeed likely, and we are arguably already in the middle of it.” (Update: Wednesday 16 January 2008).
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Only Your 3rd Day Back?

Well, here’s some good news on the next Property Workshop!

Following a barrage of emails from those of you who took off the week before Christmas … you will see that the early-bird registration has been extended until the end of January.

However, I suspect the “Full House” sign will be going up before then. Therefore, if you haven’t already reserved your seat … make your decision now — rather than miss out.

Looking forward to seeing you there.

Chris

How is the US Really Travelling?

As the New Year opens, there are obviously some concerning signs emerging …

* Housing construction is in decline and is unlikely to improve before mid-2008.
* Write-offs in the sub-prime mortgage area seem to be growing daily.
* Mortgage foreclosures may reach 1.4 million this year – twice that for 2005.

Despite all this, Australia is largely insulated — but will still feel some of the side effects.
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