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Source link: http://blog.mises.org/11058/it-turns-out-that-the-housing-rebound-was-illusory/

It turns out that the housing rebound was illusory

November 18, 2009 by

It is possible to know what is in the papers without reading them.

NYT: New home construction slowed unexpectedly in October to the lowest level in six months, the Commerce Department said Wednesday, resurrecting fears that the housing market may be slow to recover.

{ 3 comments }

Recovery? November 18, 2009 at 7:22 pm

“Recovery” doesn’t mean “increase in sales”. “Recovery” means “sales match demand”. The only “recovery” is for supply to match demand, not have demand artificially increased by government printing presses to match the overextended supply.

Recovery? November 18, 2009 at 7:24 pm

and that goes for automakers as well. if people’s lower demand for cars puts certain companies out of business, then so be it. it’s better to use that capital for what people actually demand.

Bruce Koerber November 18, 2009 at 9:03 pm

Unethical Statistical Manipulations!

These fallacious government indexes have their limitations. At least with a basket of goods and services, the CPI for example, the unethical statisticians can do the bidding of the unConstitutional coup by dropping out the data that exposes their economic terrorism – like food and energy prices!

But these specific indexes, like housing starts, are between a rock and a hard place. The rock is the factual statistic and the hard place is the blatant lying necessary to paint a rosy picture.

Very soon housing starts will no longer be reported. It may even be painted as unpatriotic to inquire about why it is no longer being reported.

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