[nicola_tesla]

So how does this person explain how the US economy will recover so soon when housing prices are still going down in most areas of the country, commercial real estate has just started its downslide, and the avalanche of heloc and consumer debt downgrades is likewise nowhere near its bottom ?

[KYGrandma]

I really think the housing problem is regional. We lost 10% when we sold in Dearborn, MI, but didn’t get a break when we moved to Louisville, KY. Houses are selling here, and the prices aren’t that much lower. Especially, in the higher prices houses. With people moving in from elsewhere, our housing market is still doing okay.

[bert]

Recover? Most of the country is not in bad shape.

[Moonman62]

If the article is right this would be a good time for euros to invest in American real estate.

[cmsgop]

Jeez,where do you live? My house is almost at a all time high, Think Positive this too Shall Pass..........

[MrPiper]

So how does this person explain how the US economy will recover so soon when housing prices are still going down in most areas of the country

Ya know, I find it kind of entertaining to see the bastions of college educated liberals losing their shirts, Kalif,NY,etc, while us'uns down in the stupid south are not.

House prices leveled out for a year or so and now are going back up. This does not include fools buying concrete boxs on the Gulf of Mexico, condo's, or the optimist's that signed up for ARM's. (I never understood the logic in those.)

[RightWhale]

housing prices are still going down in most areas of the country

Not here. Fairbanks. We tend to lag the latest crazes and fashions by a while.

[JasonC]

He isn't claiming the US economy will recover so soon, he is claiming the dollar will stop falling and turn around. It is oversold, all the moves have been overdone as usual, and the future direction of dollar interest rates is upward not downward. Though slowly, no doubt. Euro rates still having dropping to do.

Gold has been declining at a 75% annual rate since the Bear Stearns bailout. Nobody ever talks about the "robbery" involved in that, though lol.