This is a first: Tonite at 6:30, I am appearing on PBS’ Nightly Business Report with Paul Kangas and Susie Gharib.
Tonites subject is the impact of slowing housing on the economy. For a refresher, see Real Estate and the Post-Crash Economy from earlier this year.
We will discuss sectors to avoid: Electronics Retailers, Durable Goods makers, Mortgage Underwriters, and the Sub-prime mortgage lenders.
With new Mortgages and refis down — and revolving credit use up — the credit card companies have become much more attractive. Also well positoned are the big caps and exporters who can take advantage of the week dollar.
Streaming video (
eventually) can be found here.