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New Home Sales Burst Forward (USA); Sales up 8.3% in June Month on Month
Topic Started: 25 Jul 2013, 07:56 PM (1,897 Views)
genX
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mel
25 Jul 2013, 10:37 PM
You might be right and it wouldn't be my first choice, but there's no denying a debt based monetary system gets a lot of shit done.
Poppycock! How much did James Watt borrow from banks?
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mel
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come on you know what i meant :oo:

For all it's imperfections the current system has provided mankind with a giant pile of roads, buildings, transport not to mention gadgets etc. Would the company that built my laptop been able to have done the same under a different system? I honestly don't know... not looking for a fight.. it's friday :lol

Greed requires debt to succeed - mel 2013
Edited by mel, 26 Jul 2013, 05:56 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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peter fraser
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nightowl
26 Jul 2013, 08:29 AM
Smoke and mirrors indeed!

Chart Of The Day: New Homes Suffer Biggest Two-Month Price Drop Since Lehman, Second Highest Ever
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New homes are being built across a wide price range, and the numbers won't give you a consistent median.

Why on earth would you even bother with that chart. It shows constant volatility and is completely meaningless.
Any expressed market opinion is my own and is not to be taken as financial advice
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genX
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peter fraser
26 Jul 2013, 09:30 PM
Why on earth would you even bother with that chart. It shows constant volatility and is completely meaningless.
You mean persistent volatility, not constant volatility, right? Constant volatility is unchanging volatility, and anyone looking at the distribution on that chart would tell you that it is not constant volatility. Without the numbers it is difficult to determine what a single standard deviation is, but just by eyeballing it, the last move looks to be outside 1 sigma, and possibly 2 sigma.
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peter fraser
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genX
26 Jul 2013, 10:52 PM
You mean persistent volatility, not constant volatility, right? Constant volatility is unchanging volatility, and anyone looking at the distribution on that chart would tell you that it is not constant volatility. Without the numbers it is difficult to determine what a single standard deviation is, but just by eyeballing it, the last move looks to be outside 1 sigma, and possibly 2 sigma.
I humbly bow to your infinite capacity for pedantic anal detail of little consequence to anyone but you.
Any expressed market opinion is my own and is not to be taken as financial advice
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genX
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peter fraser
26 Jul 2013, 11:27 PM
I humbly bow to your infinite capacity for pedantic anal detail of little consequence to anyone but you.
:bl: :bl:
Edited by genX, 27 Jul 2013, 09:10 AM.
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peter fraser
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genX
27 Jul 2013, 08:53 AM
:bl: :bl:
Yes you were correct and my reply was entirely uncalled for. I could blame the brandy, but I chose to drink it, so it's still my fault.

My apologies.
Any expressed market opinion is my own and is not to be taken as financial advice
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zaph
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peter fraser
27 Jul 2013, 02:18 PM
Yes you were correct and my reply was entirely uncalled for. I could blame the brandy, but I chose to drink it, so it's still my fault.

My apologies.
Is it the peoples front of Syria, or the Syrian people's front?
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newjez
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Don't know about the usa, and I know it is subjective, but my local property paper in the UK has doubled in size. Nice to see a few houses on the market for once. Its been so quiet here.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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I say the rebound in the US economy is due to pro-growth fiscal and regulatory policies at State and local level. The parts of the USA that are anti-growth in their local policies, remain almost unstimulatable by any means. All that QE and stimulus spending achieve in those locations, is asset price bubbles and crony capitalist rent-seeking.

But for example, what about in cities with house prices and urban land prices unable to be inflated, due to the freedom to convert cheap rural land to urban? Every interest rate cut in those economies, adds to the discretionary spending in those local economies, and adds to the actual building of houses and the actual startup of businesses. That is where the recovery is coming from.
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