Barker on the Market
August 24, 2006—Mike Barker, Investment & Retirement Management discusses the recently released numbers showing a slowdown in the nation’s housing sector and the downside risk from a larger slowdown than was expected. Barker talks about using homebuilder and housing related stocks as a means of reading the sector, the situation created by increasing interest rates and rising levels of housing inventories and the pending problem of mortgage resets. Also discussed is the potential problem of stagflation, oil prices and the positive aspects of the market and the current economy.