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Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,827,481 times
Reputation: 6438
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Quote:
Originally Posted by Traderx
New homes sales up 11%.
But, but, but, we got all these problems, everyones broke, how'd that happen????
LOL! Life goes on kids.
# of new homes for sale at 11 year low.
Two questions.
Do you know how big a hole was created from this last run up?
Do you think that hole has been filled?
If it has not been filled, then I don't think you can say they have taken one to the groin.
That's like me saying, "There is no ice cream" to 100 people, and then "I've found 11 scoops."
Do you think the other 89 people are saying, "Gee, that's awesome." Or do you think they are wondering when there will be enough ice cream for everyone.
I don't mind being upbeat if there is something to be upbeat about.
Housing purchases are down 21 percent from this time last year. And last year, sucked.
Are wages low enough for us to stop off-shoring the majority of our manufacturing jobs?
The wages in dollar terms is irrelevant, its how the dollar trades against other currencies that matter. Low-skill manufacturing left the country decades ago though, its not coming back. There is not even enough workers to do it, it would just be automated.
Quote:
Originally Posted by sterlinggirl
Do we have enough work to support the 10% of our population which lives on food stamps?
Has there every been a country/economy where poverty has not existed? Nope.
The questions you are asking have the same sort of answers they've hard since this country was founded.
Lol, everything is better now Move along folks, nothing to see here.
Hyperbole. Typical of the posters here. You ignore ANY factual good news and latch on to any negative news, no matter how speculative or how opinionated. Can you not at least acknowledge that this is yet one more sign that things are turning around and improving? We're not all better and life isn't a barrel of monkeys yet, but all the doom and gloom predictions from some of you are just insane and way off base.
If you want to see who is burying their head in the sand, some of you just need to look in the mirror. By acknowledging progress and improvement, you're not saying all is completely fine or things are 100% normal again. That seems to be the mantra....you can't admit any improvement because then it implies that everything is fixed. How childish.
Hyperbole. Typical of the posters here. You ignore ANY factual good news and latch on to any negative news, no matter how speculative or how opinionated. Can you not at least acknowledge that this is yet one more sign that things are turning around and improving? We're not all better and life isn't a barrel of monkeys yet, but all the doom and gloom predictions from some of you are just insane and way off base.
If you want to see who is burying their head in the sand, some of you just need to look in the mirror. By acknowledging progress and improvement, you're not saying all is completely fine or things are 100% normal again. That seems to be the mantra....you can't admit any improvement because then it implies that everything is fixed. How childish.
Likely to lots of little bumps up and bounces down ahead, as there were in the past.
For a practical model for a Deflationary Depression (here and now) look to the last major one.
10% people on UIB (unemployment) when that runs out the party is over.
the economy has contracted they will not get another good paying job.
those jobs are gone.
Home sales don't mean much to me until the $8k tax credit expires. Then we'll see what the true numbers look like.
That and cash for clunkers. I have several friends who are getting new cars because they get the rebait. Otherwise they would have just kept driving the old one. I will be suprised very much if sales of either new homes or cars continue to soar after the government goodies are gone.
My bil is in construction and if it wasn't for apartments he might not have a job. The houses they are building are done literally one house at a time. You buy it they build it. I suspect the new home sales are from the ones they built and then the bottom dropped. I'd be interested in the price of the sales too. If you can get a new home the developer or bank is dumping before it starts to rot why not? I'm sure they are being sold at competitive prices to forclosures.
Hyperbole. Typical of the posters here. You ignore ANY factual good news and latch on to any negative news, no matter how speculative or how opinionated. Can you not at least acknowledge that this is yet one more sign that things are turning around and improving? We're not all better and life isn't a barrel of monkeys yet, but all the doom and gloom predictions from some of you are just insane and way off base.
If you want to see who is burying their head in the sand, some of you just need to look in the mirror. By acknowledging progress and improvement, you're not saying all is completely fine or things are 100% normal again. That seems to be the mantra....you can't admit any improvement because then it implies that everything is fixed. How childish.
Real estate markets are seasonal. Sales go up this time of year. I don't think that a month-to-month fluctuation in new home sales implies a turnaround or improvement in the economy.
Bait and Traps. We have been having a mouse problem since our cat went on vacatiion.
Makes me think of some like the Used Car Sled Shops -- Easy Cheese Auto, the Walking Mouse's Friend.
Stepping back a few years towards Gary Larson and The Far Side . . . .
I am picturing a 2010 Cheesy Motors New Ride Mouse Trap, with a Fat Cat in a Business Suit saying. "Come on down, we have the Re-Baits ready!" And all the American Mice (us) looking in the show room window.
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Move along folks, nothing to see here.
