The Truth Goes Viral, Pt 1: Housing Prices, Economic Sales and the State of Depression, Live on Bloomberg TV!

As promised, I discussed my thoughts on the Case Shiller index (a
complex statistical construct that excludes many of the factors
currently dragging on the housing market) being quoted in the mainstream
media as if it was the S&P 500, its shortcomings, the true state of
housing sales value in America and what’s in store for the near future.

Subscribers have access to all of the
data and analysis used to create these charts, in addition to a more
granular application, by state in the SCAP template and by region
in housing price and charge off templates – see

• House price data, 2nd Quarter 2010
• Bank Charge-offs and Recoveries 2Q10
• The
  very extensive SCAP Assumptions, showing the credit metrics banks
  needed to submit for the stress tests of 2009, Updated for last
  quarter on a state by state basis_09082010 Web

See the following posts for an extensive background on the topics discussed in the video:

Pay Attention to the National Association of Realtors and Their Chief Marketing Agent At Your Own Risk!

1. Is the US Government About to Forgive Mortgage Debt? Let’s Crowdsource Our Way Through a Scenario or Two!
2. Why the Case Shiller Index, Although Showing Another Downturn Coming, is Overly Optimistic and Quite Misleading!
3. Yes, Housing Prices Have Much Farther to Fall. We’re Talking Years…
4. Because 105% LTV On Depreciating Property Wasn’t Good Enough for the US Taxpayer…
5. I
   Told You Housing Was Going to Take a Downturn for the Worse. I’ll
   Tell You Something Else, We Are in a Housing Depression! It’ll Get
   Worse Until Market Forces Rule Over Government Bubble Blowing!
6. As I Made Very Clear In March, US Housing Has a Way to Fall
7. It’s Official: The US Housing Downturn Has Resumed in Earnest
8. The Great Global Macro Experiment, BoomBust Cycles, and the Refusal to See the Truth: Bubble Economics in the Mainstream Media

Comments

[Conrad Murray]

I hope they have you back and give you more time to really dig into it.  In fact, I'm going to email them and tell them as much.  Solid interview Reggie.

[Mr Lennon Hendrix]

Take 'em to school Reggie!  And fashion police note he went with the jacket.

[Reggie Middleton]

It was cold in the city yesterday :-)

[RoRoTrader]

Very cool, Reggie........very cool.

[MarketFox]

RM...

Yeah !!!!

Rock on Reggie !!!!

........................

The Japan path seems like a certainty....and one should tack on the fact that the US is starting the 20 year stint from an even more precarious position....

Also...even after 20 years...Japan still has its problems....and interest earning assets have been gone for quite some time....

Looks like retirement on interest is a thing of the past for the US...

.......................

To me ...it looks like permanent tax structure change could be one of the very few solutions...ie the FAIR TAX...to get the US back on its feet...

But clearly...the government is moving in the opposite direction....

I say the US is a Japan with an Argentine twist....or worse...and I have been trading the markets for 32 years....

[Hook Line and S...]

The 'Case-Shill4theGov' index will need to also include homes that have the newly discovered Unicorn title.