Nothing too fancy or hard to understand here... from the Just-released Case-Shiller index, it's clear that the housing double dip is here.
The chart (below) depicts the annual returns of the U.S. National, the 10-City Composite and the 20-City Composite Home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 1.5% decline in the third quarter of 2010 over the third quarter of 2009...
One question remains: how will Pelosi, Reid and Obama blame Bush for the continued destruction of the private sector?
Or, in the case of the whack-job lefty bloggers, how will they blame Dick Cheney?
Hat tip: Dennis.