The National Association of Realtors Pending Home Sales declined by -1.8% in June 2015. Pending home sales are still up 8.2% from a year ago and had previously increased for five months in a row. This is the third highest amount of pending home sales for 2015 but sales have increased year over year for ten months now.
The May 2015 S&P Case Shiller home price index shows a seasonally adjusted 4.9% price increase from a year ago for the 20 metropolitan housing markets and a 4.7% yearly price increase in the top 10 housing markets. The year over year change is pretty much the same as April using the seasonally adjusted data.
According to Money.CNN there are almost four thousand fewer companies listed in the stock market now than in 1998. Stocks doing good. Fewer companies but activity high. Stock prices relatively stable with poor earnings. Almost no human trading firms, robots are trading. This gives the appearance that something is going on that doesn't benefit companies or stock holders but favors trading. High trading with no appreciable increase in value looks like an ulterior motive or goal is driving the market. Can higher trading with no corresponding value increase mean anything other than a bubble?
There is absolutely nothing wrong with that agenda. Gratification for performance gets the job done. Jobs can very easily also come from profits. Reward jobs producing investing. Net gain in jobs is very unlikely because there is no reward for creating jobs. There is a reward for profits. Profit through people would create jobs. Laws keep getting changed to make profitting without working easier. Money has to work in order for jobs to be created. The positive side of profits through people is building of value and equity.
The June 2015 New Residential Single Family Home Sales plunged -6.8%. Sales dropped from 517,000 to 482,000 for the month. For the year, new single family home sales are up 18.1% from the year ago 408,000 sales levels. The annual increase is equal to the ±18.1% margin of error.
Not everything Donald Trump has to say should be swept under the rug; some things deserve to be heard. Many people might think he's a "bad guy", but he does know how politics work.
The DOL reported people filing for initial unemployment insurance benefits in the week ending on July 18th, 2015 was 255,000, a 26,000 decrease from the previous week of 281,000. The DOL proclaims this is the largest drop since November 24th, 1973, when initial claims was 233,000. The DOL also states this is no statistical anomaly. Graphed below is initial claims.
NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales. This is an eight and a half year high. In February 2007 existing home sales were 5.79 million. This makes sales 9.6% higher than June of last year. Existing home sales have been above their year previous amounts for six months now.
Rand Paul and Ron Paul — comparing apples and oranges? I don't think so, because, as usual, the apple doesn't seem to fall very far from the tree.
Ron Paul supported the elimination of all income tax and the IRS. While his son's tax plan isn't quite as radical, it's still disingenuous — because they're both selling snake oil to us.
Almost everything I read reduces to taking somebody else's job. Bringing back jobs from overseas and more training takes somebody else's job. And it is excepted with enthusiasm because it is the way we have been trained all our lives. New jobs are the function of more money. Forget about all the benefits to existing companies having everybody on their team cheering for better trained workers and taking back over seas jobs. The world needs more jobs and that has to come from more money. The emphasis should be on making money work. Nobody contradicts more workers more tax revenue.
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