Gee, I wonder what is behind the turnaround in housing.
Monday, November 19, 2012
Home Builder Confidence Soars
The National Association of Home Builders reported today that builder confidence in the market for newly built, single-family homes rose in November to the highest level since May 2006, more than six years ago. The Housing Market Index posted its seventh consecutive monthly increase in November, rising five points from 41 in October to 46 this month. The last time there were seven back-to-back monthly increases in home builder confidence was all the way back in 1995.
Gee, I wonder what is behind the turnaround in housing.
Gee, I wonder what is behind the turnaround in housing.
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So does the general economy begin to turn around as well? (Even if the turn around is because of phony money printing?)
ReplyDeleteYes, Ben Bernanke's money printing machine has been behind all of this economic activity; M2 Money Supply has skyrocketed. But M2 may be topping out soon.
ReplyDeleteThe real story is being told in the stock market, the bond market, the commodities market, and in the currency market, despite that on Monday Noverber 19, 2012, after ten weeks of decline, World Shares, VT, rallied from an oversold position,rising 2.1%.
Greece's sovereign debt pile is unsustainable. Greece is the linchpin for a New Europe as well as a new global economic order; neoliberalism underwrote debt based prosperity; neoauthoritarianism is underwriting debt servitude austerity. Greece is being absorbed via mandate into a region of economic governance as choice falls to diktat.
Crony Capitalism and Greek socialism are failing; Regionalism is rising to govern mankind’s economic activities. The fiat money system is failing on the financial insolvency and banking insolvency of Greece as a sovereign nation state; and the sovereignty of the Troika as a sovereignty regional body is being established. With this the diktat money system is emerging, where diktat serves as both currency and credit.
Jesus Christ is at the helm of the Economy of God, Ephesians 1:10, administering His Global Administration Plan to complete the fullness of the age of prosperity and debt creation, to introduce the age of austerity and debt servitude.
The Beast Regime of totalitarian collectivism and regional governance is rising from the Mediterranean country of Greece as foretold in Revelation 13:1-4. This will establish the ten toed kingdom of iron diktat and clay democracy as presented in Nebuchadnezzar's Dream that presents the Statue of Empires, Daniel 2:30-33. Eventually ten kings, as presented in Revelation 17:12, will come to rule ten regional blocs or zones.
James G. Neuger of Bloomberg reports that the Troika, not the financial markets, is meeting to discuss providing seigniorage, that is moneyness to Greece, establishing that Greece is not a sovereign nation state, and that the Troika seeks to provide regional security, stability, and sustainability to this country in article Europe leaders face Greek Aid Gap in brinkmanship with IMF. European finance ministers will try to plug a 15 billion-euro ($19 billion) hole in Greece’s finances and win over the International Monetary Fund in the latest installment of three years of debt-crisis brinkmanship. Recycling European Central Bank profits on Greek bonds, charging Greece lower interest rates and extending repayment deadlines are among the options under consideration today for filling the new gap in Greece’s public accounts. European governments tore open the hole last week, by giving Greece two extra years to cut its budget deficit. The required extra financing provoked a clash with the IMF, since it would add to Greece’s debt load instead of reducing it. “Greece is in a mess,” James Mirrlees, a Nobel economics laureate, told Bloomberg Television yesterday. Europe won’t solve the problem by “fiddling around with little bits of extra bailout and allowing them to go a bit slower.”
Stocks are unable to leverage higher on the exhaustion of the world central banks' monetary authority. Even Homebuilders, ITB, have fallen from their recent high, as the Los Angeles Times reports Existing-home sales and builder confidence rise. The chart of Mortgage Backed Bond, MBB, shows a steady decline since late September 2012; these and World Government Treasuries, BWX, Emerging Market Bonds, EMB, Junk Bonds, JNK, Leveraged Buyouts, PSP, and Senior Bank Loans, BKLN, together with Distressed Investments, FAGIX, like those acquired by the US Federal Reserve under its TARP and other facilities, are trading lower in value since the US Dollar began to rise and the worlds major currencies and emerging market currencies fell on September 14, 2012. Neoliberal finance is failing to provide seigniorage, that is moneyness, to stocks, as is seen in the chart of mortgage REITS, REM, is trading sharply lower.
You lost me at Jesus.
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