Joel Naroff
Joel Naroff
behind days drop extent home levels record sales seems surprised though
The extent of the drop seems overdone, ... I would not be surprised if home sales rebound, though the days of record sales levels may be behind us.
air bubbles collapse country far likely losing plenty rapidly
There are plenty of bubbles around the country that are losing air rapidly and more are likely to follow. But so far there is no generalized collapse in the market.
adjustment december decline existing given home january pace robust sales sharp start strong trend
Given how strong January existing home sales were, the surprisingly sharp decline in January new home sales may be more an adjustment to the robust December sales pace than the start of a weakening trend in housing.
causing high house people prices pull question turned twice
Some people are being turned off by the high house prices and they just can't pull the trigger. Without question that's causing some people to think twice about buying.
bunny deficit describe growing keeps small steroids term trade
The trade deficit, if you can still use the term deficit to describe the GDP of a small country, just keeps getting wider. This is the Energizer bunny on steroids as it keeps growing and growing and growing.
consumer drive economy spending
The fundamental economy is still solid, and the things that drive consumer spending are still solid,
apparel general huge increases people stores
The huge increases at apparel and general merchandise stores are eye-opening. You would think people had nothing to do but get to the malls.
boss cannot good worries
Basically, the new boss has the same worries as the old boss. For the markets, this cannot be good news.