Wednesday, December 23, 2009

Lowest since ...

As Atrios reminds us:
"... as an indicator of the broader economy, new home sales are much more important than existing home sales"
And from Calculated Risk:
In November 2009, a record low 25 thousand new homes were sold (NSA); the previous record low was 26 thousand in November 1966.
That's right 1966.

On the other hand, as prominent figures reassure us, the recession is over.


We keep hearing that the recession is over. The new economic figures are looking better than expected!!

Then, a few months later, the figures are "revised downward" -- but by that time there are new, better figures that show that the recession is over! This time for real!

After all, they won't be revised downward for a couple of months.

The jobs will come out tomorrow
Bet your bottom dollar that tomorrow
there'll be jobs

By Anonymous Anonymous, at 12/23/2009 6:58 PM  

That is only forty some years you are comparing. That is not fair. I bet if you go back to the Pilgrams there were less housing starts.

By Anonymous Mart, at 12/23/2009 11:44 PM  

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