Which Housing Number Is Accurate ....? Up 11% or Down 21%....?
- Thread starter libertad
- Start date
Goverment will have to spin numbers. They have spent way to much tax payer money to not show some improvment.
Take any goverment number with a grain of salt. The market has all ready figured out that the goverment will provide plenty of positive economic data going forward wink wink.
Take any goverment number with a grain of salt. The market has all ready figured out that the goverment will provide plenty of positive economic data going forward wink wink.
Couldn't the sales price increase be due to:
1) People with larger homes and mortgages liquidating and relocating to smaller homes (the rich have been hit the hardest percentage-wise by the collapse of the housing market...)
2) All of the larger/pricier vacant houses on the market being resold at lower price levels as people become more pessimistic about a housing recovery and sell now while they still can.
1) People with larger homes and mortgages liquidating and relocating to smaller homes (the rich have been hit the hardest percentage-wise by the collapse of the housing market...)
2) All of the larger/pricier vacant houses on the market being resold at lower price levels as people become more pessimistic about a housing recovery and sell now while they still can.
German Nazi Party member Joseph Goebbels became Adolf Hitler's propaganda minister in 1933, which gave him power over all German radio, press, cinema, and theater.
In 1925 Goebbels met the party leader Adolf Hitler. In 1926 he was made Gauleiter, or party leader, for the region of Berlin, and in 1927 he founded and became editor of the official National Socialist periodical Der Angriff (The Attack). He was elected to the Reichstag, the German parliament, in 1928. By exploiting mob emotions and by employing all modern methods of propaganda Goebbels helped Hitler into power.
His work as a propagandist materially aided Hitler's rise to power in 1933. When Hitler seized power in 1933, Goebbels was appointed Reichsminister for propaganda and national enlightenment. From then until his death, Goebbels used all media of education and communications to further Nazi propagandistic aims, instilling in the Germans the concept of their leader as a veritable god and of their destiny as the rulers of the world. In 1938 he became a member of the Hitler cabinet council. Late in World War II, in 1944, Hitler placed him in charge of total mobilization.
As Reichsminister for Propaganda and National Enlightenment, Goebbels was given complete control over radio, press, cinema, and theater; later he also regimented all German culture. Goebbels placed his undeniable intelligence and his brilliant insight into mass psychology entirely at the service of his party. His most virulent propaganda was against the Jews. As a hypnotic orator he was second only to Hitler, and in his staging of mass meetings and parades he was unsurpassed. Utterly cynical, he seems to have believed only in the self-justification of power. He remained loyal to Hitler until the end.
http://www.psywarrior.com/Goebbels.html
In 1925 Goebbels met the party leader Adolf Hitler. In 1926 he was made Gauleiter, or party leader, for the region of Berlin, and in 1927 he founded and became editor of the official National Socialist periodical Der Angriff (The Attack). He was elected to the Reichstag, the German parliament, in 1928. By exploiting mob emotions and by employing all modern methods of propaganda Goebbels helped Hitler into power.
His work as a propagandist materially aided Hitler's rise to power in 1933. When Hitler seized power in 1933, Goebbels was appointed Reichsminister for propaganda and national enlightenment. From then until his death, Goebbels used all media of education and communications to further Nazi propagandistic aims, instilling in the Germans the concept of their leader as a veritable god and of their destiny as the rulers of the world. In 1938 he became a member of the Hitler cabinet council. Late in World War II, in 1944, Hitler placed him in charge of total mobilization.
As Reichsminister for Propaganda and National Enlightenment, Goebbels was given complete control over radio, press, cinema, and theater; later he also regimented all German culture. Goebbels placed his undeniable intelligence and his brilliant insight into mass psychology entirely at the service of his party. His most virulent propaganda was against the Jews. As a hypnotic orator he was second only to Hitler, and in his staging of mass meetings and parades he was unsurpassed. Utterly cynical, he seems to have believed only in the self-justification of power. He remained loyal to Hitler until the end.
http://www.psywarrior.com/Goebbels.html
Ritholz's understanding of numbers is every bit as bad as Cramer's.
If you are not going to read the info then you are in trouble. The Yahoo article saying up 11% is compared to May 2009, up about 35K. The 384K is not any indication of some great rebound. Ritholtz numbers are a year over year comparison. Both number accurately reflect the numbers for the period compared against. Some will scream the bottom is in and others will say the numbers are still pathetically low and don't indicate anything. There is so much margin of error in these numbers that you can't put too much weight on them. Pay attention to the trend over several months.