Hey, the stock market’s up and housing prices are up! That’s really great economic news according to NPR.
I remember the latter used to be bad news. Also, when both are up at the same time, the implication is that neither is up. Rather, the unit of measurement is down - the dollar.
Would this be good news if you were a young person aspiring to purchase a home?
I remember listening to the AP wire just about every single day GWB was president. And I don’t ever remember jobless claims reduction being cited as positive news.
I always remember the jobs increases being 150K to 250k a month which was good but the the AP ALWAYS inserted the caveat of concerned economists.
The other one they (the AP) always pulled was if there was 201,000 jobs created in one month they’d say that economists were expecting 220,000 for the month. There was always a negative spin.
Now, if there is 1.4% growth in GDP, they will cite housing numbers or something like that for positive spin.
It’s truly criminal what they’ve done.
Plus, I thought I read somewhere that China was buying a lot of these houses fueling the newest surge thanks to excess dollars. If true, that’s hilarious for liberals to point to this surge because they’re always complaining about China like it’s a Republican exclusive.