I'll cover this tomorrow in my Christmas Eve video, but I find the configurations of the three big moving averages more than a little interesting. The prior instance was, of course, around June 2008.
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A variety of data released today, shows a divergence between a decline in personal spending and income versus an increase in new home sales (although sales remain depressed at the lows of their 2008/09/10 levels), as shown on the three graphs below (courtesy of www.forexfactory.com).
It appears that more household debt is being accumulated than can be effectively managed.