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Consumer Confidence Plunges Unadjusted New Homes Sales Slide To Lowest Since Feb


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2012 Dec 27, 3:37pm   3,611 views  5 comments

by HousingBoom   ➕follow (1)   💰tip   ignore  

http://www.zerohedge.com/print/467037?fb_action_ids=274524292670454%2C274275816028635%2C274001029389447%2C273678396088377&fb_action_types=og.likes&fb_source=other_multiline&action_object_map=%7B%22274524292670454%22%3A376312405793056%2C%22274275816028635%22%3A425368077530703%2C%22274001029389447%22%3A455007411213903%2C%22273678396088377%22%3A478600605512318%7D&action_type_map=%7B%22274524292670454%22%3A%22og.likes%22%2C%22274275816028635%22%3A%22og.likes%22%2C%22274001029389447%22%3A%22og.likes%22%2C%22273678396088377%22%3A%22og.likes%22%7D&action_ref_map=%5B%5D

Census Bureau. On the surface the number was good, if a slight miss to expectations of 380K, printing at 377K, up from 361K in October, and "the highest in years." As we said on the surface. Because like the Initial Claims data earlier, where we subsequently learned that the DOL had to estimate the claims data of 19 states (!) as their labor offices were closed for the holiday, it is digging into the data that reveals the reality once more.

Comments 1 - 5 of 5        Search these comments

1   Goran_K   2012 Dec 27, 11:37pm  

The $750,000 and above range may be the worst I've seen, ever.

2   lostand confused   2012 Dec 28, 12:05am  

Well, the FED will just unleash some new sort of QE and try and increase the prices even more.

Maybe the banks will bring in 100yr mortgages-that way the monthly payment will be much less?

3   Goran_K   2012 Dec 28, 1:01am  

lostand confused says

Maybe the banks will bring in 100yr mortgages-that way the monthly payment will be much less?

It already exist in Japan. I wouldn't doubt they would try and bring it over here. Imagine keeping entire families indentured for generations, I bet the big banks salivate over the thought.

4   121212   2012 Dec 28, 2:45am  

APOCALYPSEFUCK is Shostakovich says

Great! Then 1975 prices will follow!

and then good old 70's hyperinflation perhaps?
oh! don't forget very high interest rates!
and a shortage of oil.

a 3 day week

the UK was running at an inflation rate of about 26% a month in mid 70's

5   Bubbabeefcake   2012 Dec 28, 3:35am  

The fiat drug induced CONfidence in the?Con Game?is wearing off...

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