This is not a recovery:
Home sales up 11% to 384,000 (annually – seasonally adjusted)
WOW up 11% sure sounds awesome but what is normal – 1,200,000 – hmm doesn’t look so good now does it.
On a related front the stock market it up 60% from its lows - again sure sounds good – but it is still at levels not seen for 10 years. Maybe more – the market was over 10,000 10 years ago today.
There is nothing like some good old statistical numbers manipulation to make you feel good.
7 years ago
2 comments:
Call me an optimist, but I still think up is better than down. At least its starting to c...r...a..w...l in the right direction. :)
You crack me up! I love this post.
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