Podcast: The Three Legged Economic Recovery Propaganda Stool
https://smaulgld.com/three-legged-economic-recovery-propaganda-stool/
Reuters: New Home Starts At Lofty Levels!
3:00-4:55 Discussion of the media's incessant positive spin on poor economic data including last week's interpretation of poor new home start numbers describe as "falling but still at 'lofty' levels"
New home starts are at multi-decade lows, yet Reuters reports them at "lofty levels".
New home starts and new home sales are at thirty-forty year lows and are only "lofty" when compared to 2009.
New home sales are at levels last seen thirty and forty years ago when the population was 35% lower.
https://smaulgld.com/three-legged-economic-recovery-propaganda-stool/
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