Posted on 08/21/2020 1:25:26 PM PDT by JV3MRC
Media-types like CNBC’s Jim Cramer aren't buying the “V-shaped” recovery, but recent news in the housing market continues to support that perspective.
The National Association of Realtors (NAR) reported that “[e]xisting-home sales continued on a strong, upward trajectory in July, marking two consecutive months of significant sales gains.” Sales increased a whopping 24.7 percent, “the strongest monthly gain in the history of the survey, going back to 1968, and the highest sales pace since December 2006,” according to CNBC. Sales were also 8.7 percent higher from July 2019. Fox Business’s Charles Payne proclaimed the news on Twitter: “This is a V-Shape Recovery.” He may be right.
(Excerpt) Read more at newsbusters.org ...
The economic crash was not due to a poor economy, it was due to being strangled. Once the tyrants stop being tyrants, the economy will all recover. The trick is to take power back from those that are drunk on it.
US housing is being bought up by Roumanians! ;)
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