[quote=spdrun]New home construction/permits. (down)
Foreclosures in the Northeast. (up, actually up even in CA, though not in SD)
August jobs report. (creation way down)
Active property inventory (yes, even in SD). (up)
30-yr rate jumped 0.25% after Wednesday.
Dollar index is massively up since Fed tapering started.
Once QE is done, good news will no longer be bad news and vice versa.
I’m traveling this week. I’m paying prices that are slightly less than 2011-12 for hotels and car rentals. Not indicative of good demand.[/quote]
Not really trends. Foreclosures and troubled loans at the lowest rate in more than 7 ears. Long bonds pretty much flat over the last 15 months. Dollar up is hardly a sign of a declining economy. Job creation continuing strong, headed towards more than 3 million new non-farm private employment. August was only mediocre in comparison to June. YOY increases in residential RE prices across the country. Oh, and hotel RevPAR at it’s highest level in 14 years. GDP much higher in Q2 than Q1. And projections for similar numbers for Q3. Foreclosures up in August over July, but down 33% from a year ago. The economy could tank tomorrow. It’s not booming. But the plural of anecdote is not data. There is nothing in the data to indicate the economy is slowing. Even growing slower is not the same as shrinking.
