Time for a reality check.
Look at these charts.
New-Home Sales
(Click on chart to enlarge)
(Recessions shaded)
New-Vehicle Sales
(Click on chart to enlarge)
(Recessions shaded)
New-home sales were 402,000 in September and new-vehicle sales were 10.4 million in October. We’ve barely moved off the bottom of these charts. What kind of recovery is that?
(The charts were taken from http://www.beyourowneconomist.com. [Click on Seminars and then Charts.] Go there for additional charts on the economy and a list of economic indicators.)
© 2009 Michael B. Lehmann
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