David Rosenberg on Jobs Report, the Fed, Real Estate

Well, just arithmetically, uh, Tom, if, um, real estate flattens out, uh, and actually I think the risk is that, uh, real estate prices are going to be going down as opposed to up. When you look at the latest unsold inventory numbers, uh, in the new and existing market, uh, you know, when you look at the CPI, you know, a third of the index is related to residential real estate, 40% of the core is related to residential real estate. So, it is actually very important and I think it's going to act as a very po ...