Your Captain of course knows the value of a good chart and will let the picture speak for itself. He also did the added benefit coloring the 15% INCREASE in red so you can see it.
Wednesday, October 19, 2011
UNICORN HOUSING STARTS!!!!
Read this and notice how excited the media is about the 15% INCREASE IN HOUSING STARTS!!!! OMG! !! DID YOU KNOW HOUSING STARTS ARE HIGHER THAN EXPECTED!!! BOOM! RECOVERY!!! PLEASANTLY SUPRISED! AND OTHER PHRASES!!!! RECOVERY IMMINENT!!!!
Your Captain of course knows the value of a good chart and will let the picture speak for itself. He also did the added benefit coloring the 15% INCREASE in red so you can see it.
Your Captain of course knows the value of a good chart and will let the picture speak for itself. He also did the added benefit coloring the 15% INCREASE in red so you can see it.
15% of nothing is nothing.
ReplyDeleteBrilliant! If you look closer at the data it gets even better. The 15% increase is almost all multi-family units (apartments). Only about 1.5% increase in 1-unit home starts.
ReplyDeleteIf you break it down even further, the Midwest Region did extremely well. We saw a 46% increase in starts from August (including multi-family). Even with a 46% increase, we are no where near a healthy level... but it is at least pointing in the right direction for a change!
Great Chart Captain!
LOL. For a sec I was Like "what color? Blue"
ReplyDeleteThen I saw that little red speck.
Rick Santelli on CNBC, makes some good comments about these type of government numbers. I like the one this morning regarding the CPI, "take out everything I buy and it is a low number". The CPI numbers are a joke. They exclude food and energy, and "adjust" all the other input numbers.
ReplyDeleteThe MSM say nothing about government economic numbers. They just pump everything into a feel good story. Just like this mornings housing starts number. Rather pathetic, the media is suppose to call out the government on misinformation.
"Rather pathetic, the media is suppose to call out the government on misinformation."
ReplyDeleteLet me fix that for you:
"...the media is suppose to call out the government on misinformation" if it's not a Democrat-run government.
Captian,
ReplyDeleteI'd point you to the Canadian numbers: http://www.cmhc-schl.gc.ca/en/hoficlincl/homain/stda/index.cfm
Seasonally adjust annual number for Q3 in Canada was 205,000. Vs the 'great' US number of 658,000.
The rough rule of 10:1 for US to Canada comparison (GDP ratio is over to 11:1) would put the US is behind by over a factor of 3.
For a minute there, Captain, I thought I was looking at a global warming chart. You made me larf, tho.
ReplyDeleteWell there's that hockey stick shape again...
ReplyDelete