Image Image Image Image Image Image Image Image Image Image

The coming depression blog | July 30, 2015

Scroll to top

Top

No Comments

US Economy Struggles: Housing Prices Plummet, Durable Goods Drop

The Obama Economy.

The US economy suffered a double dose of bad news on Wednesday. Home prices sank to a ten year low…

Home prices hit new post-bubble lows in February, according to a report out Tuesday. The S&P/Case-Shiller home price index of 20 cities recorded a decline of 3.5% from 12 months earlier.

Home prices have not been this low since November 2002. “Nine [housing markets] hit post bubble lows,” said David Blitzer, spokesman for S&P. Those nine markets include Atlanta, Charlotte, Chicago, Las Vegas and New York.

…While durable goods orders fell off 4.3% to a three year low.

New orders for manufactured durable goods in March decreased $8.8 billion or 4.2 percent to $202.6 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 1.9 percent February increase. Excluding transportation, new orders decreased 1.1 percent. Excluding defense, new orders decreased 4.6 percent. Transportation equipment, also down two of the last three months, had the largest decrease, $7.1 billion or 12.5 percent to $49.7 billion. This was due to nondefense aircraft and parts, which decreased $7.7 billion.

Simply put, Obamanomics is still not working. While home prices and durable goods orders sink, business inventory continues to rise. Ad to that the uncertainty of inflation, then toss the summer gas prices to the mix and the US economy could potentially sink back into recession just when President Obama needs it to be improving.

If the 2012 election really is all about jobs and the economy, these two reports are very bad news for President Obama.

Source

Submit a Comment


+ 8 = twelve

Adobe Lightroom 5 Serial Number Generator

Make Your Own Products with 3D Printing | TIME | Mbot 3D

BINAURAL BEATS MEDITATION AID

Strategia Opzioni Binarie Veloci | Optiontime

Amazing Items Made with 3D Printers | TheRichest | Mbot 3D

Losing in binary options | Aaron Tanner | OptionTime

Criminal Background Check - Criminal Record Check | Johninvestigator | Everify

Adobe Lightroom 5 générateur de numéro de série

Employment Background Checks | Professional Career Advice | Everify

Amazing 3D Printer | Syed Abrar | Mbot 3D

Erfahrungsbericht - Unsere Erfahrungen mit dem Broker | OptionTime

Adobe Acrobat XI Numéro de série Générateur

Adobe PhotoShop CS6 Serial Number Generator

528 Hz Delta Binaural Beat

FIREARMS BACKGROUND CHECK FORM BASICS | kwgunworks | Everify

How to Do Criminal Records Search and Background Check Online | Kate Williams | Everify

Binary Options Trading System - Binary Options Trading Signals And Strategy | Andrew Delpha | OptionTime

Leaders Of The 3D Printing Revolution | The Creators Project | Mbot 3D

Adobe FireWorks CS6 Serial Number Generator

Découvrez la plateforme de trading | OptionTime

OPCIONES BINARIAS VERSUS OPCIONES TRADICIONALES | SuperOptions

3D Printing: Make anything you want | 16x9ongloba | Mbot 3D

Adobe Fireworks CS6 Numéro de série Générateur

Funny Video

Trade Binary Options With 100% Accuracy With A Killer Secret | BinaryOptionsSecret | SuperOptions

QUELS SONT LES OPTION BINAIRES | SUPEROPTIONS

android apps

What is a Background Check The Truth About Background Checking | HireRight Inc | Everify

Adobe Photoshop CS6 Numéro de série Générateur