Is This The Wave…

Is this the wave that starts the double-dip recession tsunami? Residential housing starts falling, while homebuilders confidence index nearing single digits.  This is how it always starts. When housing construction declines, the rest of business follows. Construction unemployment goes up while manufacturing jobs decline. No more large to medium purchases like furniture, carpeting, appliances, etc. Mortgage banking slips. The cycle begins (and while Rome burns, Caesar twiddles his thumbs on things like mosques in NYC, vacations in all the wrong places, Bush’s fault excuses). Hmm…

http://hotair.com/archives/2010/08/17/residential-construction-drops-3-1-in-july/

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