• [WEBCAST] Raoul Pal & Neil Howe: A Sobering U.S. Economic Reality Check

    Prepare your portfolio for “big picture” paradigm shifts with Real Vision co-founder Raoul Pal and Demography analyst Neil Howe. Watch the replay from this webcast.

The Case/Shiller house pricing index was released today for the month of April at -15.3% year over year. Of course, now it's June, and we can tell you that the homes that have been sold have been marked to market lower sequentially. Marking to model doesn't do anyone any good.

When we look back on 2007-2008, we are going to remember this as a time when we saw the largest collective losses in American equity and real estate portfolio's ever.

No, this is not good, and even though I got lucky buying this US market for a "Trade" this morning, it certainly doesn't change the fundamental negative "Trend" lower that will be perpetuated by this two track depreciation in American net wealth.
KM

(Picture:http://www.libertyfilmfestival.com/libertas/wp-content/uploads/2007/11/american-flag-2a.jpg)