I looked at this month's data from my perspective as a former commercial real estate appraiser, former mortgage broker and, 100 years ago, real estate broker. I did not come to the same hysterical headline conclusion as did Dow Jones News America Marketing, whose handiwork we saw in the Journal's headline and lead.
Existing Home Sale Closings - The Very Last Hurrah
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.