Housing May 20th Weekly Update: Inventory up 1.7% Week-over-week, Up 36.0%
Year-over-year
-
Altos reports that active single-family inventory was up 1.7%
week-over-week. Inventory is now up 17.0% from the February bottom, and *above
the maximum fo...
2 hours ago
3 comments:
I've got naming remorse.
I really should have called myself Stagnationary Mark. Oh well!
Although the price of oil is high, these charts imply that we have a lot more in common with the Great Depression than we have with the 1970s.
But but a gazillion financial products were manufactured in the last decade. OTC derivatives alone manufactured a quadrillion. If industrial production were expanded to include these very valuable "products" it's way positive. Cheer up: with the right metrics it's a Goldilocks economy!
dd,
Yes! Yes, indeed! Very "valuable" products!
Wink, wink. Nudge, nudge.
Have no fear. I'm definitely cheered up. Even if the entire global economy falls apart again, I shall still have this sarcastic memory to cherish, lol.
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