- This topic has 5 replies, 2 voices, and was last updated 16 years ago by tothjj.
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April 16, 2008 at 7:23 AM #12449April 16, 2008 at 8:57 AM #188223tothjjParticipant
I was listening to Bloomberg radio and the spin was that this was good news as it showed that the builders were taking the downturn seriously and are bringing construction to a halt more quickly than forecast. I suppose if you look at it that way, it is good news. The bad news is all those employed in construction/furnishing/mortgage/realtor/title-work/ect are out of work. As shown by the market today (up 150 points mid-day) nobody cares about bad news anymore. The banks posted horrible earnings for the most part but since it was less then forecast, it is good news. Strange.
April 16, 2008 at 8:57 AM #188245tothjjParticipantI was listening to Bloomberg radio and the spin was that this was good news as it showed that the builders were taking the downturn seriously and are bringing construction to a halt more quickly than forecast. I suppose if you look at it that way, it is good news. The bad news is all those employed in construction/furnishing/mortgage/realtor/title-work/ect are out of work. As shown by the market today (up 150 points mid-day) nobody cares about bad news anymore. The banks posted horrible earnings for the most part but since it was less then forecast, it is good news. Strange.
April 16, 2008 at 8:57 AM #188274tothjjParticipantI was listening to Bloomberg radio and the spin was that this was good news as it showed that the builders were taking the downturn seriously and are bringing construction to a halt more quickly than forecast. I suppose if you look at it that way, it is good news. The bad news is all those employed in construction/furnishing/mortgage/realtor/title-work/ect are out of work. As shown by the market today (up 150 points mid-day) nobody cares about bad news anymore. The banks posted horrible earnings for the most part but since it was less then forecast, it is good news. Strange.
April 16, 2008 at 8:57 AM #188285tothjjParticipantI was listening to Bloomberg radio and the spin was that this was good news as it showed that the builders were taking the downturn seriously and are bringing construction to a halt more quickly than forecast. I suppose if you look at it that way, it is good news. The bad news is all those employed in construction/furnishing/mortgage/realtor/title-work/ect are out of work. As shown by the market today (up 150 points mid-day) nobody cares about bad news anymore. The banks posted horrible earnings for the most part but since it was less then forecast, it is good news. Strange.
April 16, 2008 at 8:57 AM #188288tothjjParticipantI was listening to Bloomberg radio and the spin was that this was good news as it showed that the builders were taking the downturn seriously and are bringing construction to a halt more quickly than forecast. I suppose if you look at it that way, it is good news. The bad news is all those employed in construction/furnishing/mortgage/realtor/title-work/ect are out of work. As shown by the market today (up 150 points mid-day) nobody cares about bad news anymore. The banks posted horrible earnings for the most part but since it was less then forecast, it is good news. Strange.
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