- If There Is A “Housing Recovery” Then This Chart Can’t Be Right!
by Tyler Durden, www.zerohedge.com
Let’s start with the oldest economics joke in the book: “assume there is a housing recovery.” Ok, let’s assume that.
So, applying logic, wouldn’t consumers be actively buying furniture for their brand new homes, instead of furniture sales not only declining for the past year but posting the first negative print since January 2011, and the Great Financial Crisis before that?
… Because we are confused. And here are some additional thoughts on the issue of the housing recovery via Doug Kass: