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To: am452
My personal opinion is the gov't lied on the Sept. figures to get people to buy homes thinking the housing market is turning around.

The timing does seem to be conspicuously incongruous as we head into the traditionally slow sales period.

I have also noted that they keep retroactively making adjustments to the seasonal adjustments as well.

The erosion of any statistical base-line of what their purported numbers mean, is the end of their utility.

The theory of Rational Expectations predicts that the the actors of the economy will wise up, and discount those kinds of policies, inclusive of policies of domestic disinformation, and take correspondingly countering personal actions to discount their effects where possible.

263 posted on 10/26/2007 11:16:11 AM PDT by Paul Ross (Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
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To: Paul Ross

On Drudge right now. California has the highest amount of foreclosures ever.
The report saying new home sales has increased also said it was led by the western states.

Smoke and mirrors.


322 posted on 10/26/2007 12:17:32 PM PDT by am452 (If you don't stand behind our troops feel free to stand in front of them!!)
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