Renewed Recession, Housing Bottom, and the "Faux" Luxury Bubble

The Wall Street Examiner's Lee Adler, Russ Winter of Winter Watch, and Aaron Krowne of the Mortgage Lender Implode-o-meter focus their discussion this week on whether the data pointing to continued recovery are real or illusory, whether a housing bottom is in, signs of collapse in the luxury bubble, and the Fed being caught between a rock and a hard place.

Here's what we covered in Part 1, free to all visitors:

• Corporate tncome taxes weak but better than last look
• Consumer Metrics show renewed recession, weak retail
• Uptick in house listing prices points to interest rate and housing price bubble
• Reduction in deficits or removal of POMO will cause economic collapse

Topics covered in Part 2 for Radio Free Wall Street subscribers only (to be posted later):

• Signs of collapse in China bubble economy
• Fed and Treasury liquidity bullish for the short run, but rot is spreading beneath the surface
• When the Fed stops, the trouble starts
• Why and when the Fed must return to QE
• Long term technical outlook says final top approaching along with QE3

Subscribers or subscribers-to-be, click through the title link above and follow the links to get access or sign up for a subscription.