More Nonsense in U.S. Housing Numbers
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Regular readers will be familiar with my crusade to expose the fictional, U.S. housing numbers – which are conjured “out of thin air” every month. In particular, my wrath has been focused on the ridiculous numbers supplied to the market with respect to U.S. new homes.
Every month U.S. home-builders start construction on far more homes than they sell. Despite this huge gap, for over 18 months, the U.S. propaganda-machine has been pretending that the unsold inventories of new homes have been steadily declining. This is why you will never, ever see a U.S. media outlet provide both new home “starts” and new home “sales” in the same article.
Read the full article: http://www.bullionbullscanada.com/index.php?option=com_conte...
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