Andy
Well-Known Member
- Joined
- Jan 6, 2008
- Messages
- 3,497
It's possible I'm miss reading this. Feel free to inform me if I am.
In this new article located at Bloomberg, they report the fact that home resales (not new homes, but existing homes) have risen by 3.1% in July. More than what was expected.
Then, in what seems to me to be a twisting of opinion, they attempt to claim this shows a poor economy later in the article, citing job loses and a slow down in consumer spending.
What exactly am I missing? If I lost my job, I wouldn't be buying a house. If no one is buying a house because of lost jobs and a 'slow down in consumer spending' how did home sales increase 3.1%, which is more than expected?
Does the media have credibility with anyone?
In this new article located at Bloomberg, they report the fact that home resales (not new homes, but existing homes) have risen by 3.1% in July. More than what was expected.
Then, in what seems to me to be a twisting of opinion, they attempt to claim this shows a poor economy later in the article, citing job loses and a slow down in consumer spending.
What exactly am I missing? If I lost my job, I wouldn't be buying a house. If no one is buying a house because of lost jobs and a 'slow down in consumer spending' how did home sales increase 3.1%, which is more than expected?
Does the media have credibility with anyone?