Category: Economy

No, Homes Did Not Sell Like Hotcakes: “Pending Home Sales” Plunged 34% in April, a Preview of “Closed Sales” in May

No, Homes Did Not Sell Like Hotcakes: “Pending Home Sales” Plunged 34% in April, a Preview of “Closed Sales” in May from Wolf Street The housing market faces ferocious headwinds. By Wolf Richter for WOLF STREET. Pending sales of existing homes of all...

Statistics, lies and the reservoir effect

Statistics, lies and the reservoir effect by Alasdair Macleod for Gold Money This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP...