Posted on 04/22/2013 7:10:48 AM PDT by whitedog57
Existing home sales were just announced and they were down -0.6% in March after printing at +0.8% in February (but revised downwards to +0.2%). Analysts were expecting +0.4%. A swing and a miss.
Median home prices for existing home sales rose 6.4% from February to March.
The Chicago Fed National Activity Index plunged in March to -0.23 from a reading in February of 0.44. Analysts were expecting a print of 0.29.
Now, THAT is a big swing and a miss!
And the Chicago Fed index and leading economic indicators are trending downwards.
But Fox’s Eric Bolling says that real GDP will increase by 3.0% in 2013, so there is nothing to worry about.
In before “Unexpected!”
Because QEI, QEII, and QEIII are working so well.
“Guys, I got a fever!”
“I need more cowbell!”
- BB
unexpectedstagflation
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