The Barbershop has re-located

The proprietor has moved the shop to ChicagoNow, a Chicago Tribune site that showcases some of the best bloggers in the Chicago area. You can logo on to the Barbershop home page here. The ChicagoNow home page is here.

You'll still be able to post comments with the same ease as in this location. The proprietor also will keep this web site alive if you wish to review old posts.

Friday, October 24, 2008

Existing home sales jump sharply

How well to you think the media will respond to this? Is Wall Street listening?

Seeing as how everything bad that has happened to the economy has been blamed on housing, this news should be shouted from the rooftop. My guess? It won't.

1 comment:

Anonymous said...

No Dennis - this has already been reported in the press. The reason for the increase is because there are so many banks that want to unload their houses that they picked up after defaults - distressed sales.

So, what are trying to saying anyway? That this means that we have turned the corner?? That the economy has not "tanked" - as you have contended for a long time? That the "fundamentals" are strong.

Most experts predict a long recession - are you saying otherwise? My guess is that you don't even know that you don't understand.

Go ahead - just try too explain it so that makes some economic sense!