Tuesday, 24 August 2010

The investment in housing is no longer an engine of growth and never could be sustaining

That the lives of the baby boomers and their home-seeking marrying children should overlap in the past decade should come as no surprise.

That there now may well be too many houses and not enough households to fill them should come as a matter of the demographics that could easily suggest a long term slump in the housing industry in America.

Europe may be different.

What this means for the growth pundits in America and Britain is quite interesting.

http://online.wsj.com/article/SB10001424052748703447004575449352676306326.html?mod=djemTEW_h

Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.




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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!