A Sign of the Times

By: Mike Shedlock | Sat, Aug 20, 2005
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The Sacramento Bee reports 'For Sale' signs mushroom, stay up longer.

According to the Bee, Brad Williams chief economist for the state Legislative Analyst's Office "doesn't foresee a housing collapse" even though he admits "something is a little out of wack".

A little out of whack asks Mish? That's kind of like saying the ocean was a little out of whack in that devastating tsunami that wrecked Southeast Asia last December. By the way, no one saw that tsunami coming either even though geographic reports picked up the earthquake that triggered it long before the waves crashed to shore. In this case, the signs should be readily apparent to everyone. Unfortunately, no one wants to believe them.


Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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