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You know that housing jump the mainstream media told you we had?

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posted on Apr, 27 2010 @ 12:28 PM

The big news in the economy last week was new home sales jumped 27% in March. It was the best monthly increase percentage wise since John F. Kennedy was in office. What the mainstream media did not tell you was new housing starts jumped up from a very low level–like the lowest level in history!

(see graph in link)

This is one of the many reasons founder, John Williams, says the economy is “bottom bouncing.” That is exactly what the chart shows. In early 2006, housing starts were more than 2 million–now they are just over a half million. Housing starts are down around 75% from the peak. Does this look like a big turnaround to you? Please do not get fooled into thinking we are on the brink of a real recovery. Williams says, “The U.S. economy remains in an economic depression, which is about to intensify anew. . .”

On the inflation front, the Producer Price Index was also out last week. The increase was dramatic.

MSM sucks, theyre liars... if you dont already know this youd better wake up and smell the manure. DONT BE FOOLED! inform yourselves...

posted on Apr, 27 2010 @ 12:56 PM
That was my thought when I heard the noise.... errr..... news.

I likened it to a company that only has one sell for a month lets say a wrench. They only sell lets say for simplicity sake 1 wrench for the month of April. Then the month after they sell 2 wrenches even though the stats would say they sold 100% more product it really isn't significant at all.

Sucks, have to love the "recovery".

posted on Apr, 27 2010 @ 01:04 PM
reply to post by TheCoffinman

Wait when the new coming taxes start hitting the working class in the nation, top that with mandatory health care and you may see a new wave of bankruptcy starting to sweep the nation again.

Many tax payers have to chose between paying for health care, put food in the table or pay their mortgages.

posted on Apr, 27 2010 @ 05:31 PM
Well all that needs to be done is to pass cap and trade and they should be able to socialize the rest of the economy.

It looks like the big investors are standing close to exit door.

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