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overtheedge
Member since May 2012
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The Grotesque Face of Irreversibly Destroyed Capital Markets

- Andy Hoffman - Miles Franklin

"Supposedly, “new home sales” surged by 20% in August, ..."

"For those of you that thinking I’m “missing something,” pray tell how home sales can surge when both mortgage applications and cash purchasing applications are in rapid decline?"

20% of what? 20% compared to what?
It states sales. What is the unit in this "home sales" that was evaluated? Houses? Amount of money changing hands in total or per transaction? Percentage of new houses sold (nhs) to new houses constructed? Maybe nhs to total stocks, new and previously owned? Is new old stock (NOS) in housing still considered new indefinitely?

It would appear one or more parties in presentation of this news has decided to use an old statistical trick.
Undefined percentages. Without clear metrics (hard data of what and how that data was derived) and a defined interpretive methodology (how the statistician manipulated the data and how that data was weighed), the phrase "surged up by 20%" is meaningless.
Statisticians in the political realm serve the same purpose as economists. The production of politically favorable propaganda.
Otherwise all that would be needed by all parties is publishing the hard numbers.

Commented 3703 days ago

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Beginning of the headline :The best part of my job is the “good, smart people” I meet both virtually and in person. Through Miles Franklin, the great GATA organization and five years in the mining business, I have become friendly with some of the most thoughtful, intelligent people on the planet. I truly mean that and feel privileged to actually work withthem. To wit, I was honored to participate in David Morgan’s “Mastermind” conference call series yesterday, with fellow truth seekers Chris Duane (who I taped a separa... Read More

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