Home Sales Rise
Home Sales Rise, the media gives
it a whisper.
Sales of existing U.S. homes rose 2 percent in August to the second highest level
on record, a trade group said on Monday.Sales of previously owned homes increased to a seasonally adjusted 7.29 million
unit annual rate last month from July’s downwardly revised 7.15 million unit pace,
the National Association of Realtors said. That figure includes both single-family
homes and condominiums.
Does the economy improve if the media does not report it?
Yes it does! Whether they like it or not.
Let me explain. The media seems to shout from the roof tops, ‘the sky is falling,
the sky is falling’, especially if it is bad for George Bush. But they hardly give
a sound bite or the front page treatment when it turns out the sky is not
falling.
This happened even against the expert analysis of the expert analysts. Who are these
expert analysts? They have not been doing a very good job at doing their job of late.