As we await the the gods on Mount Federal Reservus to let the humans know their fate, we have an excellent presentation by Whitney Tilson of T2 Partners - embedded within his monthly investor letter. While others have done a better job of self promotion, Tilson actually made many prescient calls on the housing market the past 24 months (much like a certain blogger) - essentially he believes we are in the eye of the storm.
While a lengthy presentation, the housing market section is a great overview loaded with graphs, charts and for those of you old enough - similar to how Ross Perot tried to educate the masses about the federal budget circa 1992. It begins on page 9 and many pages are simply 1 chart or another - worth a look through.
He also has a large section of why the unemployment situation is awful; unfortunately he uses government data which we know is .... lacking truthines (sic). [Oct 2, 2009: True September Unemployment in America Reaches 14%] But the conclusions are similar to ours.
As always click fullscreen for an easier read (I believe email readers will need to come to the website)
Hat tip to Marketfolly