He described a recent trip to Temecula, California:
Hes the inventor of what we at BI call "The Scariest Jobs Chart Ever" which shows how this jobs recovery compares with other post-recovery comebacks. In a 30-minute conversation with Business Insider, he explained how charting these numbers every single month for nearly 8 years has allowed him to "let (the data) tell you a story," and accurately track each twist and turn weve seen during this historic period for the U.S. economy. Because hes been so uncannily good at assessing the state of the economy, we had to get his take on whats coming next. Despite some concerns about the Fiscal Cliff, and the omni-present threat of a Europe blowup he says " Im not a roaring bull, but looking forward, this is the best shape weve been in since 97 ." Underpinning his optimism is the fact that the State & Local bust will no longer be a drag in 2013, and that the housing turnaround story has a long way to go and is more robust than anyone would have expected, particularly in the hardest-hit areas. "Temecula is a little inland city in southern California, written up as one of the disaster areas of the housing bust. And its a long commute to anywhere for work, so high gas prices kill them too. But I drove out there not long ago to see a friend who lives out there, and theyre starting to build again. And the local mall about a quarter of a mile from his house that was built during the boom that was all empty stores - its completely full. We went there for dinner and it was packed."
Then in February of this year, he made his most important call: He announced: The Housing Bottom Is Here . McBride had officially come full circle from his days warning of housing collapse. Today, 8 months later, the housing bottom is becoming general consensus. In addition to being correct on the economy, Calculated Risk has imparted the internet with other good practices, such as dutifully charting out the data, and examining data in an impartial, apolitical, non-hysterical manner.