I guess I am wrong about the economy, employment and the gradual slow down in durable goods, capex and GDP.*
Its safe to say that with construction employment is on the upswing, the bottom in real estate must be here! And I guess with all this hiring, we best brace ourselves for the following:
-Big upswing in consumer spending
-Large decrease in Foreclosures
-Upswing in US Auto Sales
-Deceleration in personal bankruptcy filings
-Large increase in New Home Sales, Permits and Starts
-Significant gains in Existing Home Sales and Prices
-Reversal of the Deceleration of Corporate Profits
-Improvement in Manufacturing Data and ISM
-Surge in Corporate Capital Expenditures
Yeah! Its a soft landing! The Business Cycle has been revoked! The worst is behind us! It turns out that Greenspan is a financial genius after all.
How could I have ever doubted any part of the economic system, from BLS to the White House to Wall Street!?!
Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on! . . . Turn those machines back on !
UPDATE: April 6, 2007 4:45pm
* See this for more details