New Home Sales at a record low February 23, 2010

The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the lowest level on records going back nearly a half century. The big drop was a surprise to economists who had expected sales would rise about 5 percent over Decembers pace.

The big drop was a surprise? WTF? How is this a surprise? Who are these “economists”? Seriously… who are these big brains? How could they be surprised? When “economist” as a whole are cited… you can be sure the story is bullshit…

The only reason the economy is not in a death spiral is because to the government stimulus. Take that away and we’d be fighting over scraps like Filipino’s on a mountain of garbage… (no offense to my Filipino friends, I feel your pain too.)The first time home buyer credit of $8000 has run it’s course. That amount of money is not going to make someone buy a house that is still way overpriced. Stories like this make my consumer confidence drop like shares of GM… how could some AP reporter write this story and not be laughing? Stories like this head in the sand BS are what got us into the housing bubble to begin with.

I am sure you remember 5 years ago when every talking head on television was telling you that it is a “great time to buy a house”. Well I bought a house 5 years ago and just sold it (thankfully) and guess what? The sale price was 24% less than what we bought it for 5 years ago. And the really sad part is that the price we paid for it was double the price we should have paid for the house. So the new owners still overpaid for the house.

I am not crying about the sale price… I had to dump it… it was part of my divorce agreement. So for me the money was well spent… I just kid… it’s all good…

The point of the story is that the so called experts are not experts… they are stupid idiots who are driving this economy off a cliff… and have been for going on 40 years… my entire life!

Look I want to make a point. I know I post a lot of stories about the bonuses Wall Street is making and CEO are making… I don’t want you to think I am jealous. I am not… I wouldn’t know what to do with a half a billion dollars… well I might build some schools and send a few thousand kids to college… but I digress…

I am angry, because their wealth is making all of us poor. It would be fine if the pie was big and we all got to have a taste, even if their piece was bigger… much bigger than mine… but the pie is big and they take it all… I can’t have a taste…I just want a nibble…That is just plain wrong… and they know it… and they try to make me feel bad for being a mediocre person. I like being mediocre!

They control the game and they (the people making taking? the money of course) spin the stories like the one about housing sales to make it seem like they can not understand why the economy is not doing well… like they are surprised new home sales are down.

They know exactly why. It is not an accident the economy is shitty. It is shitty because the so called economic elites ate all the pie!

My favorite part of the “official story” is when the experts act concerned and sympathetic… I am sure you know that they don’t give a rat’s ass about you or anyone you know. They are rigging the game to favor them 100% of the time… be it bank regulations , health care reform, the never ending wars…

OK… so we are working on this blog and we could use some help… if you want to wrant please do… I’ll make you a contributor… I can’t pay of course, ( I am unemployed remember) but I’ll give you your own page and set you up on the blog to get you going…

Thanks for reading…
Stay Gold,
Aimlow Joe

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