Neubarth
At the Ballpark July 30th
Still, any encouraging macroeconomic news is good to read.
Housing sales were up last quarter here in Maine.
The price of homes fell about 6%, however.
The employment picture is still pretty bleak, even for Maine, which tends to always have a bleak employment picture.
I don't think we're seeing a recovery, but the fact that we don't seem to be in free fall is hopeful.
Existing house sales mean nothing as very little was added to the economy. New house sales are additive to the economy as people are working to build them. New house sales have plunged. Existing house sales have not plunged, and in many parts of the country have stayed fairly steady during this Depression.
GDP, as we know has been a totally "bought" index with Taxpayer money. It has no validity. Take that increase in Federal money out, and GDP actually fell over six percent.