Monday Reading

• Forget the coming commerical real estate crisis; we may not yet be done with the residential crisis. (more at Mish's)
  
• Nouriel Roubini, a well-known perma-bear, has long been claiming this would be a 24-month U-shaped recession (for the record, his 24-month period is coming to a close at the end of this year). He is starting to worry about a W-shape recovery now.
• Hussman discussing limited Potential GDP, in line with Roubini's fears of an anemic recovery.
• Apologies for such a bearish post, but I do not believe we're out of the woods yet, despite the positive sentiment evidenced by the enormous market rally over the last 3 months.
• Lastly, on the healthcare side: Obama giving up on the public option?
• *UPDATE* I felt guilty about putting up all those downer articles. Here are some encouraging articles. One, from Roubini himself, highlighting some potential bright spots! Also, New York state is reporting the best business conditions for manufacturers since mid-07.