Jim Sinclair’s Commentary

CIGA Marc, our man in the trenches points out this item as more reflective of housing activity that government statistics.

Jim,

It’s not "all" rosy.

CIGA Marc

84 Lumber closes 10 locations
March 10, 2011

After a review of its stores and their local markets, 84 Lumber closed 10 locations throughout the United States on March 7. They are Farmingdale, N.J.; Karns, Tenn.; Ft. Pierce, Deland, and Brooksville, Fla.; Winder, Ga.; Anderson, S.C.; Springfield, Mo.; Tulsa, Okla.; and South Haven, Miss.

“These 10 stores have consistently underperformed for the past three years, and while we do see some positive movement in the housing and construction markets on an overall national basis, these markets continue to lag severely with no sign of a significant rebound that fits our business model,” Jeff Nobers, VP marketing and public relations, told Home Channel News in an e-mail. “We have multiple stores in these regions — with the exception of Tulsa — and we can handle the business from these closed stores from other locations.” 

All of the properties will be offered for sale, Nobers said.

More… ^[1]

Eric,

Dudley knows that there is no choice whatsoever. The Fed CANNOT stop or even decelerate "QE to Infinity," because of the economic and social implications inherent.

All discussion ends here!

Regards,
Jim

Dudley signals Fed won’t tighten any time soon
CIGA Eric

For those that had doubts about QE3, QE4, and so on.

A top Federal Reserve official signaled on Friday the central bank won’t tighten monetary policy any time soon, even as the jobs recovery looked set to quicken.

New York Fed President William Dudley told business leaders in Queens, New York, that the economic outlook has improved in the past six months.

But he said, the Fed is still "very far away" from achieving its dual mandate of high employment and price stability.

"Faster progress toward these objectives would be very welcome," he said.

Source: finance.yahoo.com ^[2]

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