New Home Sales drop 7.3%

[SniperFire]

(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.'

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


Mods, if this discussion is not appropriate for FZ just delete the thread as you do.

 

[Truthmatters]

zero hedge is written by a guy who was found guilty of fraud

 

[Truthmatters]

New home sales fall, housing recovery still on track | Reuters

 

[SniperFire]

zero hedge is written by a guy who was found guilty of fraud

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?

 

[Truthmatters]

Existing-Home Sales Slip in December, Prices Continue to Rise; 2012 Totals Up | realtor.org

december is historically a bad month for home sales for pretty simple reasons

 

[SniperFire]

Existing-Home Sales Slip in December, Prices Continue to Rise; 2012 Totals Up | realtor.org

december is historically a bad month for home sales for pretty simple reasons

It is a month over statistic, dolt.

 

[SniperFire]

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

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

 

[uscitizen]

We are not selling homes to the Chinese yet?

 

[Ringel05]

Looks like it belongs in Current Events..... Ya still can't figure it out, eh?

 

[SniperFire]

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.

 

[SniperFire]

Looks like it belongs in Current Events..... Ya still can't figure it out, eh?

I started a very similar thread in politics and was told when it was moved that it belongs in 'economics.'


LOL

 

[emptystep]

'You people' are going to deny there is an economic recovery all the way to the top, aren't you? Party trumps facts.

 

[Truthmatters]

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

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

remember how it was more important to the republicans to make Obama a one termer instead of helping fix the economy?

 

[SniperFire]

'You people' are going to deny there is an economic recovery all the way to the top, aren't you? Party trumps facts.

Who denies there is a flaccid economic recovery underway - the weakest in our Nation's history?

 

[SniperFire]

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

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

remember how it was more important to the republicans to make Obama a one termer instead of helping fix the economy?

That was off topic. Oh wait. That is OK here.

 

[Truthmatters]

debt ceiling idiocy that helped pull the recovery down ring a bell?

 

[Truthmatters]

Sustained Housing Boom Mirrors Jobs Demand on Granted.com - Yahoo! News


In its recent report, the Commerce Department found continued expansion of the construction sector in December, with building permits, housing starts, and housing completions up from the previous month. The sustained growth of the industry has spurred employment in real estate and construction, reflected in jobs data on Granted.com.

 

[PixieStix]

Why is this thread in the flame zone?

 

[SniperFire]

debt ceiling idiocy that helped pull the recovery down ring a bell?

Certainly, the shocking refusal of Obama and Reid to pass budgets - required by law - are an absolute drag on growth.

 

[SniperFire]

Why is this thread in the flame zone?

Why not? Does FZ have 'off topics'?