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Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. 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Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing! Are we experiencing a Triumph of Orthodoxy? Judge Napolitano with Konstantin Malofeev (Moscow, Russia) "Trump Administration Cancels Most USAID Programs, Folds Others into State Department" Introducing Manus: The General AI Agent "Chinese Spies in Our Military? Straight to Jail" Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly "Real problem with the Palestinians: Nobody wants them" ACDC & The Rolling Stones - Rock Me Baby Magnus Carlsen gives a London System lesson! "The Democrats Are Suffering Through a Drought of Generational Talent" 7 Tactics Of The Enemy To Weaken Your Faith Strange And Biblical Events Are Happening Every year ... BusiesT casino gambling day -- in Las Vegas Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel Palestinians: What do you think of the Trump plan for Gaza? What Happens Inside Gaza’s Secret Tunnels? | Unpacked Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225 EXPOSED: The Dark Truth About the Hostages in Gaza New Task Force Ready To Expose Dark Secrets Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start? "Trump wants to dismantle the Education Department. Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes Status: Not Logged In; Sign In Economy See other Economy Articles Title: July Existing-Home Sales Fall as Expected but Prices Rise (25.5% lower than July of 2009 Source: Calculated Risk URL Source: http://www.calculatedriskblog.com/ Published: Aug 24, 2010 Author: NA Post Date: 2010-08-24 10:18:51 by Nebuchadnezzar Keywords: None Views: 8661 Comments: 14 The NAR reports: July Existing-Home Sales Fall as Expected but Prices Rise Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009. Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995. ... Total housing inventory at the end of July increased 2.5 percent to 3.98 million existing homes available for sale, which represents a 12.5-month supply at the current sales pace, up from an 8.9-month supply in June. Poster Comment: Horrible numbers. This came in far below expectations of the "experts." Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: All (#0) which represents a 12.5-month supply at the current sales pace, up from an 8.9-month supply in June. Wow. That is a horrific number. Being a Democratic shill means you check your humanity at the door. Nebuchadnezzar  posted on  2010-08-24   10:23:21 ET  Reply   Trace   Private Reply   #2. To: Nebuchadnezzar (#0) Poster Comment: Horrible numbers. This came in far below expectations of the "experts." Once again, 48 out of 48 are wrong. Again and again. But no one ever loses his/her job. How low can we fall in the fall? David Rosenberg, citing Macroeconomic Advisers' U.S. real GDP series, says we're in for a -1.5% drop. He's supposed to be the doomer among "serious economists", yet he's still quite a ways away from the -5.25% that CMI data indicate. Not that a -1.5% plunge in US GDP wouldn't be sufficiently devastating all by itself, mind you. mcgowanjm  posted on  2010-08-24   10:23:43 ET  Reply   Trace   Private Reply   #3. To: All (#2) Bad economic news sent investors out of stocks and into U.S. Treasurys this past week, extending a rally that has defied some of Wall Street's best minds, and, some say, logic. Treasury bonds maturing in 20 years or more have returned 21 percent so far this year. By contrast, stocks in the Dow Jones industrial average have lost 2 percent. The question now: Is it too late to jump into the great government bond bonanza? Again the Idiot Economists. FOFOA and Fekete have been calling this for 4 years at least. It's called Front Running the Bond Market. You buy the Bonds then sell them to the Fed/Treasury. Guaranteed profit/Never lose. As ALL Bonds move to ZERO. See Nikkei drops below 9000 for how that's working for them. mcgowanjm  posted on  2010-08-24   10:26:27 ET  Reply   Trace   Private Reply   #4. To: mcgowanjm (#2) Once again, 48 out of 48 are wrong. Again and again. But no one ever loses his/her job. Agreed. I saw Shedlock's story about how all the economists were predicting a small drop, not this plunge. Every single one of them missed this plunge. Mish Shedlock has nailed this for over a year now. Being a Democratic shill means you check your humanity at the door. Nebuchadnezzar  posted on  2010-08-24   10:37:01 ET  Reply   Trace   Private Reply   #5. To: Nebuchadnezzar (#4) ;} mcgowanjm  posted on  2010-08-24   10:39:36 ET  Reply   Trace   Private Reply   #6. To: mcgowanjm (#5) On Tuesday August 24, 2010, 10:03 am WASHINGTON (Reuters) - Sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, an industry group said on Tuesday, implying further loss of momentum in the economic recovery. The National Association of Realtors said sales dropped a record 27.2 percent from June to an annual rate of 3.83 million units, the lowest level since May 1995. June's sales pace was revised down to a 5.26 million-unit pace. Analysts polled by Reuters expected existing home sales to tumble 12 percent to a 4.70 million-unit pace from the previously reported 5.37 million units in June. (Reporting by Lucia Mutikani; Editing by James Dalgleish) ---------------------------------------------------------------------------- "Analysts"? How did some blogger nail this and these "Analysts" miss this by a mile? Btw, these same "analysts" are also the ones telling us that we're in a recovery. Lying motherfuckers. Being a Democratic shill means you check your humanity at the door. Nebuchadnezzar  posted on  2010-08-24   10:42:12 ET  Reply   Trace   Private Reply   #7. To: Nebuchadnezzar (#6) implying further loss of momentum in the economic recovery. Bloomberg's Brennan: "How can we spin this in a positive way?" OHHP! 8D The Problem, across the board, is when the 70% of GDP consumer faith goes away. The Battle Orders have been issued. Guaranteed. "As per this morning, the discrepancy between US GDP (official estimate still +2.45%) and CMI Growth Index (-5.25%) is a staggering 7.7%!. And then look at how closely the two are correlated in the graphs. They’re almost perfect twins. Until now?! Something evidently has to give here, and it won't be the American consumer, that much we have seen, (s)he ain't giving much, if anything, of what (s)he’s got left. And both the government and the Fed, try as they might, and they certainly will try, have very limited influence on that American consumer, the protagonist in 70% of GDP, and her/his faith in the future. Once that faith begins to wane, and there can be little doubt that it is, it will start feeding on itself on the way down. If we get anywhere near what the CMI data (seem to) foresee, we’ll have drama, tragedy, mayhem and panic all wrapped in one neat package. The US economy cannot withstand anything even near that sort of fall and pretend the world is still the same." mcgowanjm  posted on  2010-08-24   10:51:49 ET  Reply   Trace   Private Reply   #8. To: mcgowanjm (#7) If we get anywhere near what the CMI data (seem to) foresee, we’ll have drama, tragedy, mayhem and panic all wrapped in one neat package. The US economy cannot withstand anything even near that sort of fall and pretend the world is still the same." Agreed. Being a Democratic shill means you check your humanity at the door. Nebuchadnezzar  posted on  2010-08-24   10:54:01 ET  Reply   Trace   Private Reply   #9. To: Nebuchadnezzar (#0) dropped 27.2 percent Good thing we had the Obamanomic Stimulus, no telling how low far they would have fallen without it. /sarc Happy Quanzaa  posted on  2010-08-24   12:55:51 ET  Reply   Trace   Private Reply   #10. To: Nebuchadnezzar (#0) Its going to be much much worse next year. Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit. Badeye  posted on  2010-08-24   14:30:57 ET  Reply   Trace   Private Reply   #11. To: Badeye (#10) Its going to be much much worse next year. Agreed. Obama and his "economic team" have really fucked up this nation. First Cuomo detonated the Sub-prime bomb and now Obama's fucked up the economy with his massive tax-increases and "Health Care" shit-storm. Being a Democratic shill means you check your humanity at the door. Nebuchadnezzar  posted on  2010-08-24   14:41:41 ET  Reply   Trace   Private Reply   #12. To: Nebuchadnezzar (#11) And the blind hatred of Bush, which means they won't renew the 'Bush' tax cuts. Dumb politics AND economic policy. Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit. Badeye  posted on  2010-08-24   16:27:43 ET  Reply   Trace   Private Reply   #13. To: Badeye (#12) And the blind hatred of Bush, which means they won't renew the 'Bush' tax cuts. Dumb politics AND economic policy. That's okay. We're now seeing the folly of the outcome of the '08 election where the retards of this nation were fooled into electing a "community organizer" for President. I think a lot of people will wake up from their hang-over and do the right thing this November. I just wish the Republicans were more Nationalist in their thinking than they currently are. Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554 Nebuchadnezzar  posted on  2010-08-24   19:45:21 ET  Reply   Trace   Private Reply   #14. To: Nebuchadnezzar (#13) Same view here. We could use 48 months of working FOR America. Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit. Badeye  posted on  2010-08-25   8:58:02 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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