by Calculated Risk on 4/09/2014 08:16:00 PM

An interesting post on the stock market from Joshua Brown: The Most Important Difference Between 2007 and 2014

Of course, in 2007, it was clear the country was headed into recession and that house prices would decline much further. Now there is no recession in sight ... and in addition to corporate balance sheets being in much better shape (as Brown notes), household balance sheets are much stronger too.

Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 320 thousand from 326 thousand.

• Early, the Trulia Price Rent Monitors for March. This is the index from Trulia that uses asking house prices adjusted both for the mix of homes listed for sale and for seasonal factors.

• At 2:00 PM, the Monthly Treasury Budget Statement for March.