Sunday, Mar 29, 2009

A lesson about trust

Washed It! blog: New Home Sales Fell 41% in February 2009

Interesting anti-MSM analysis of US market: "The parade of the mathematically innumerate business writers continue to misread data. The latest evidence? New Home Sales. After incorrectly reporting the Existing Home Sales, the mainstream media misread the Census department report of New Homes. No, New Home Sales data did not improve. In fact, they were not only not positive, they were actually horrific. The year over year number was a terrible down 41%. Sales from this same period a year ago have nearly been halved."

Posted by quiet guy @ 12:35 AM (378 views) Add Comment

1 Comment

1. little professor said...

Best to link to the original source:

http://www.ritholtz.com/blog/2009/03/new-home-sales-fell-41-in-february-2009/

Sunday, March 29, 2009 12:18PM Report Comment
 

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