Blame Obama

[floridasandy]

Originally Posted by theolsarge

. . . and only karl denninger knows what karl denninger is talking about. Whoever karl denninger is (without looking him up). I'm sure if karl denninger were paid for it he would write a convincing piece (to somebody) on the solution to world peace.

this article is not rocket science and it is easy enough to understand. it just explains how the first set of "official" numbers had been misstated and how they were eventually revised downward.


basically, our newly revised GDP was down from the previously stated numbers this month. ALL of the growth in GDP is due to government intervention, and the rest of the economy is still tracking negative. that is important news to know for people who are still working.

[Johnny B. Fury]

In my view, celebrating the fact that those who have been fortunate enough to weather this recession and are taking advantage of rock bottom prices and rock bottom interest rates is silly. When an UNEMPLOYED person GETS A JOB and then BUYS A HOUSE.....then i'll find reason to rejoice.

[domergurl]

that's fine, but;

The median sales price was $172,600, down 4.3 percent from a year earlier, and up 0.2 percent from October

.

people are losing money on those sales.

[nvxplorer]

Originally Posted by theolsarge

. . . and only karl denninger knows what karl denninger is talking about. Whoever karl denninger is (without looking him up). I'm sure if karl denninger were paid for it he would write a convincing piece (to somebody) on the solution to world peace.

Karl Denninger is a thug! (I'm liking this thug thing. )