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Click to enlarge.
FAIL.
Source Data:
St. Louis Fed: Custom Chart
Housing January 5th Weekly Update: Inventory Down 2.2% Week-over-week
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Altos reports that active single-family inventory was down 2.2%
week-over-week.
Note that Inventory usually bottoms seasonally in January or February.
T...
1 hour ago
4 comments:
One wonders where we are going to find growth from here. One wonders that a lot, especially this one sitting right here typing this.
Sigh.
I should point out that the chart doesn't talk about debt directly. It is implied though. It's hard to get to 2.3 billion man-hours of labor per month spent solely on new home purchases without the "help" of the banks though. Shocking.
One wonders where we are going to find growth from here.
Here's some wondrous growth:
http://research.stlouisfed.org/fred2/series/FGCCSAQ027S?cid=33244
"twas wondrous pitiful" - Othello
mab,
Stop teasing! The wondrous growth of 2010 is breaking down! Bah!
Acting on the assumption that Curwen possessed a wondrous and secret medical skill, many sufferers of various sorts applied to him for aid; but though he appeared to encourage their belief in a non-committal way, and always gave them odd-coloured potions in response to their requests, it was observed that his ministrations to others seldom proved of benefit. - The Case of Charles Dexter Ward, H.P. Lovecraft
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