[jammer]

Well, I know your point and agree to a great extent. We saw the same phenomenon in 1992. It's just that the article demonstrates no evidence for the conclusion that there is any kind of upswing in building units that are of highest concern. Apartments are not houses. Don't declare the housing crisis over, or even ameliorated, based upon that.

I certainly understand that negatives will be emphasized and overstated by the MSM when there is a Republican administration. But inferring the wrong message from the data and publicizing it will blow up in our faces.

[Mr. Jeeves]

Well, to a large extent the economy is what people believe it is, so I guess this recent all-out statistical propaganda campaign is worth a try.

But the simple, underlying fact is that Americans have dishonestly been trying to consume more than they produce for at least the last twenty years (see "liar loans"). Unless the equation can be righted - and our new guests, thirty million low-skilled net benefit recipients, are going to make that awfully tough - a day will come when the statistics can no longer be fudged.