Metaphor of the Day

Nouriel Roubini:

The literally plunging figures in new home sales – now down another 8.3%

in August alone, the lowest level in seven years – are the last nail in the

coffin of a housing market that was comatose until now and is now effectively

dead. The only things alive and moving in the housing market today’s are the

undertakers taking care of a zombie housing market and carrying the coffin.