New Home Sales drop 7.3%

Discussion in 'Current Events' started by SniperFire, Jan 25, 2013.

  1. SniperFire
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    SniperFire Senior Member

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    (Back to the idea of FZ being a surrogate free speech zone for politics)

    New Home Sales drop a sharp 7.3% in December. Inventories of new homes rose to 4.9%.

    This is further confirmation that the US economy remained mired is Obama policy suck.

    We remain in the Worst Recovery, Ever:

    ' As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.'


    [​IMG]


    It's Official: Worst. Recovery. EVER | Zero Hedge


    Mods, if this discussion is not appropriate for FZ just delete the thread as you do.
     
    Last edited: Jan 25, 2013
  2. Truthmatters
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    zero hedge is written by a guy who was found guilty of fraud
     
  3. Truthmatters
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  4. SniperFire
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    Is it your contention that real GDP growth 4/4 of 2012 did not fall off a pace which prevents the Obama Recovery from being the WORST in our nation's history?
     
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  6. SniperFire
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  7. SniperFire
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    SniperFire Senior Member

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    Here is another look at the failed trend line for this recovery (in green):

    [​IMG]


    Notice how the sharp rebound typical of recession in Q 8-9 did not happen.
     
  8. uscitizen
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    uscitizen Senior Member

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    We are not selling homes to the Chinese yet?
     
  9. Ringel05
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    Ringel05 Diamond Member

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    Looks like it belongs in Current Events..... Ya still can't figure it out, eh? :lol:
     
  10. SniperFire
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    Scary still, is that we must remember that perhaps 40% of real GDP is a direct result of government spending, and that one could assume what little GDP growth we currently experience is driven nearly exclusively from a trillion in borrowed spending.
     

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