Stock Market Analysis Of Homebuilders ETF (XHB) Shows Double Dip Recession

[1776uspatriot]

Good video! The burial cross has showed it self on other charts as you know so it it looks like we will have a double dip recession. On housing I have been saying this for years that it's the only industry left in the USA and when that goes it's lights out for the USA. The Republicans and Democrats have both sold us out and are only looking for their own political interests. Peace

[Mustafoinc]

If you say "Housing is 70% of GDP" and the other is that "CONSUMERS are 70% of GDP" does what you are saying mean different or that I can conclude from this is that the 70% in GDP from consumers is mostly due to Housing?

[StockTradingMaster]

@Mustafoinc Industries tied to housing: direct construction 8.1 million jobs, wood products 560,000 jobs, furniture and related products 558,000 jobs, miscellaneous manufacturing 656,000 jobs, fabricated metal products 1.5 million jobs, furniture and home furnishings stores 583,000 jobs, building material and garden supply stores 1,290,000 jobs, real estate and rental and leasing 2,154,000 jobs, Architectural and engineering services 1,335,000 jobs, financial activities 8,223,000 jobs, etc...