We're in a housing-driven economy from top to bottom at this point in time.
More Quotes from Christopher Thornberg:
Building 200,000 new residences per year, not to mention the current interest in fixing up existing homes in order to spend new housing equity as fast as possible, will tend to drive this (employment).Christopher Thornberg
By the middle of the year, the cooling real estate market will take a bite out of employment growth everywhere. The question is, can other sectors of the economy pick up the slack That is a big mystery right now.
Christopher Thornberg
Things are still hot, but the trend is clear. The only debate now is how hard a landing there will be and what will it mean for the general economy.
Christopher Thornberg
When consumers realize they can no longer expect that appreciation bonus to subsidize their consumption habits, they will very likely pull back on spending.
Christopher Thornberg
Prices people pay today will be about the same in 2011, maybe 2012.
Christopher Thornberg
California in 2005 did better than we thought. But my feeling is the employment picture in 2006 is not going to be as good as 2005.
Christopher Thornberg
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Based on Topics: Time QuotesI don't listen to what art critics say. I don't know anybody who needs a critic to find out what art is.
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My only obligation is to keep myself and other people guessing.
Jude Law
Any writer overwhelmingly honest about pleasing himself is almost sure to please others.
Marianne Moore