No End In Sight

The US economy is still getting worse, even as Washington's policy makers scramble to find the formula that will revitalize credit markets and consumer spending - Apr 09

Federal Reserve Bank President Janet Yellen says the US has entered its sixth quarter of recession, with no end on the immediate horizon - Apr 09

A new wave of foreclosures could hit the house market if the US economy remains mired in a recession, said Cynthia Kroll, senior regional economist - Apr 09

The PSA cranes in the distance

Such grim forecast and yet there are queues to buy overpriced HDB flats and private condos.
Perhaps these buyers know something I don't. Anyway I will stick to the trusted barometer, the PSA cranes. They don't lie.