Home Sales Surge 24% MoM! MAGA!

[JimBowie1958]

I am STILL NOT TIRED OF WINNING, Mr President!

S&P, Nasdaq wrap 4th straight week of gains

Strong housing and manufacturing and services data lifted stocks.

www.foxbusiness.com

Stocks clawed higher Friday as existing home sales spiked by the most on record and the 2020 election cycle kicked into high gear with former Vice President Joe Biden accepting the Democratic nomination to run against President Trump.​

​

The Dow Jones Industrial Average climbed 81 points, or 0.29% while the S&P 500 and the Nasdaq Composite were up by 0.1% and 0.27%, respectively.​

​

In economic data, existing home sales surged 24.7% month-over-month in July to a seasonally adjusted annualized rate of 5.86 million, outpacing the 5.38 million that analysts surveyed by Refinitiv were expecting. Manufacturing and services numbers also topped forecasts. ...​

 

[bluzman61]

I am STILL NOT TIRED OF WINNING, Mr President!

S&P, Nasdaq wrap 4th straight week of gains

Strong housing and manufacturing and services data lifted stocks.

www.foxbusiness.com

Stocks clawed higher Friday as existing home sales spiked by the most on record and the 2020 election cycle kicked into high gear with former Vice President Joe Biden accepting the Democratic nomination to run against President Trump.​

​

The Dow Jones Industrial Average climbed 81 points, or 0.29% while the S&P 500 and the Nasdaq Composite were up by 0.1% and 0.27%, respectively.​

​

In economic data, existing home sales surged 24.7% month-over-month in July to a seasonally adjusted annualized rate of 5.86 million, outpacing the 5.38 million that analysts surveyed by Refinitiv were expecting. Manufacturing and services numbers also topped forecasts. ...​

Great news, Jim. Thanks for the post!

 

[Manonthestreet]

Sold my dad's basic starter/retirement house in nowheresville MN for 200,000

 

[georgephillip]

In economic data, existing home sales surged 24.7% month-over-month in July to a seasonally adjusted annualized rate of 5.86 million, outpacing the 5.38 million that analysts surveyed by Refinitiv were expecting. Manufacturing and services numbers also topped forecasts. ...

Who's buying all those homes?

Make Corporate Landlords Pay the Bills During the Pandemic - CounterPunch.org

"While so many of us struggle to survive, some of the richest billionaires in the world dominate the residential real estate industry in the United States.

"These corporate landlords are companies owned by extremely wealthy individuals, Wall Street entities like private equity firms and hedge funds, and institutional investors.

"At least six leading residential property owners — Essex Property Trust, Brookfield Property Partners, Equity Residential, Related Companies, Irvine Company, and Blackstone — have top executives on the Forbes billionaires list."

Rich people never tire of winning regardless of which party controls government.

 

[initforme]

This indicates that the so called damage to the economy was fake? The shutdown did nothing then?

 

[JimBowie1958]

This indicates that the so called damage to the economy was fake? The shutdown did nothing then?

The shutdown wiped out a lot of businesses that were failing already, and those with little capital to ride it out.

Seasonal businesses like Housing and small repair/remodeling companies just took it in stride like a long winter and are now coming out as if it were May.

 

[georgephillip]

This indicates that the so called damage to the economy was fake? The shutdown did nothing then?

Aside from one thousand deaths a day due to Trump's inability to process information, the economic impact and mass unemployment caused by the pandemic has raised fears of a mass eviction crisis involving 19-23 million renters at risk of eviction by the end of September.

How's that for an October Surprise?

The economic effects of the coronavirus around the world

"The US Treasury Department has said it plans to borrow nearly $3 trillion in the second quarter of 2020 as it tries to mitigate the impacts of coronavirus.

"That it is five times as much as it has ever borrowed previously over a three-month period.

"The International Monetary Fund (IMF) has said the coronavirus pandemic had instigated a global economic downturn the likes of which the world has not experienced since the Great Depression."

 

[Norman]

This indicates that the so called damage to the economy was fake? The shutdown did nothing then?

Aside from one thousand deaths a day due to Trump's inability to process information, the economic impact and mass unemployment caused by the pandemic has raised fears of a mass eviction crisis involving 19-23 million renters at risk of eviction by the end of September.

How's that for an October Surprise?

The economic effects of the coronavirus around the world

"The US Treasury Department has said it plans to borrow nearly $3 trillion in the second quarter of 2020 as it tries to mitigate the impacts of coronavirus.

"That it is five times as much as it has ever borrowed previously over a three-month period.

"The International Monetary Fund (IMF) has said the coronavirus pandemic had instigated a global economic downturn the likes of which the world has not experienced since the Great Depression."

Oh my... you have not been winning for a good while it seems.

We will continue without you anyway, and won't get tired.

 

[georgephillip]

Oh my... you have not been winning for a good while it seems.

We will continue without you anyway, and won't get tired.

Rich parasites never tire of winning.

Legalized Political Corruption Is So Much Bigger Than Trump

 

[JimBowie1958]

This indicates that the so called damage to the economy was fake? The shutdown did nothing then?

Aside from one thousand deaths a day due to Trump's inability to process information, the economic impact and mass unemployment caused by the pandemic has raised fears of a mass eviction crisis involving 19-23 million renters at risk of eviction by the end of September.

How's that for an October Surprise?

The economic effects of the coronavirus around the world

"The US Treasury Department has said it plans to borrow nearly $3 trillion in the second quarter of 2020 as it tries to mitigate the impacts of coronavirus.

"That it is five times as much as it has ever borrowed previously over a three-month period.

"The International Monetary Fund (IMF) has said the coronavirus pandemic had instigated a global economic downturn the likes of which the world has not experienced since the Great Depression."

Yes, Trump is personally responsible for all the deaths from the Chicom Plague and the economic impact of trying to keep hospitals from being overwhelmed.

Idiot.

 

[georgephillip]

Yes, Trump is personally responsible for all the deaths from the Chicom Plague and the economic impact of trying to keep hospitals from being overwhelmed.

Idiot.

Who gets the blame for this?

Rube.

Coronavirus death rate in U.S. more than 17 times higher than in Canada, EU

 

[initforme]

The virus is winning...big time.