The Lehmann Letter (SM)
The Census Bureau and the National Association of Realtors reported slightly stronger housing starts and existing-home sales for November. Is this the start of an upward trend? We’ll see. There have been many false dawns.
The problem is: We’ve been down so long we grasp at false straws of hope. That’s a consequence of settling into a new regime of reduced circumstances and expectations. Small improvements are overblown.
(To be fully informed visit http://www.beyourowneconomist.com/)
© 2011 Michael B. Lehmann
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment