This is the first crack in the home building area. Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.
More Quotes from Paul Mendelsohn:
There's a lot going on next week. There's the OPEC and G8 meetings this weekend, and a bunch of economic reports that the market is going to be watching carefully.Paul Mendelsohn
It's clear that employment growth this time around has been sub-par compared to previous economic recoveries. You need about the number of jobs that we're adding now just to stay even with the number of people entering the economy. It's very possible that we're going to continue to see sub-par growth.
Paul Mendelsohn
The yield curve is beginning to frighten people.
Paul Mendelsohn
Intel is going to have to have a very, very good report, or we could see more selling in that sector.
Paul Mendelsohn
The G7 meeting is probably going to be pretty contentious. It remains to be seen if anything comes out of it that would influence the dollar on Monday.
Paul Mendelsohn
There is so much uncertainty in the energy, metals and commodity markets and at the same time we're not getting a very clear picture on what 2006 is going to look like from fourth-quarter earnings.
Paul Mendelsohn
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Based on Topics: Home QuotesMy job as a pollster is to understand what really matters.
Frank Luntz
He drove his kind of realism at me so hard I bounced right into nonobjective painting.
Jackson Pollock
The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.
John Buchanan Robinson