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July New Home Sales: 372K vs. 362K expected, 359K (revised) prior.

July New Home Sales: 372K vs. 362K expected, 359K (revised) prior.
Comments (12)
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Completed new homes for sale...38,000 lowest on record...every
    recession has had this number at least above 90,000 first...
    23 Aug 2012, 10:04 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    bbro,

     

    You are assuming a normal inflation-induced business cycle recession here. What if we get a tip into recession with deflationary pressures?

     

    This is the potential outcome of the credit crisis induced recession of the 2008 period.

     

    That's why it would be so left-field if it happened.
    23 Aug 2012, 10:19 AM Reply Like
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Galt...is it possible you are committing the same error you say I am
    committing??
    23 Aug 2012, 11:26 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    bbro,

     

    Absolutely :)

     

    The big question of the day still is whether deflation is our future. The FED still seems terrified of the prospect and is acting accordingly.

     

    The Chinese slowdown is a blackbox of uncertainty but one thing is sure if they start to build up excess inventories of finished goods they will dump them further putting downward pressures on prices.

     

    I am not an inflationista but I do see long-term inflation after deflation which is why I see the worst of all worlds for average Americans - high prices for what they use everyday and deflation in everything else.

     

    I hope you are right for everyone's sake.
    23 Aug 2012, 11:41 AM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    Very strong report. With incomes rising y-y, jobless claims dropping, the housing recovery is here to stay...NO recession.
    23 Aug 2012, 10:11 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    No recovery either..just stagnation much like the Jimmy Carter era.
    BTW. when bbro makes the claim of "NO recession" he does so with some degree of authority. He looks at charts and data and, whether you agree or disagree with his analysis, makes an informed decision that he can at least support. You, on the other hand, cannot make the same claim. Your claim "NO recession" based on the pure fact that you are an Obama boy all hyped up on the drug known as Hope and Change. I am sure you are utterly stunned at its failure...then again, maybe not.
    23 Aug 2012, 10:45 AM Reply Like
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Feel better??...now give me some data
    23 Aug 2012, 11:24 AM Reply Like
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Sorry...in attack mode...
    23 Aug 2012, 11:31 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    This was actually a better improvement than the headline based upon the prior month's revision (which is a rarity) but it basically matches the high from the year in May.
    23 Aug 2012, 10:16 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    The actual (NSA) number sold for July was 34,000 was the same as June. That must be some seasonal adjustment factor between the 2 months.
    23 Aug 2012, 10:36 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
     
    The underlying data sucks. When Jake Harper gets a D, he beats expectations too.
    23 Aug 2012, 11:31 AM Reply Like
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    At least he has trimmed down...
    23 Aug 2012, 11:32 AM Reply Like
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