4-9 FEB Eco Calendar: Versus last week, a snoozer. Time to dig out sequestration issues
This thread keeps disappearing faster than people can mistake the power of government. Can't find it without searching for "calendar".
So be it. I can't tell you how many posts showing Americans don't have a clue as to how the economy works or what government can or can't do, blame the President for not "fixing" the economy. That's like blaming the biggest fish in the sea for the tides. The ocean doesn't care, and the fish just stinks.
The economy is "improving" because car sales have replace home buying as the largest ticket item on America's shopping list. Think about it. It's the second biggest purchase, and you know it is going to depreciate no matter what you buy, unless it's a classic. At least a house won't disappoint you by not continuing to go "up", which means in English, redefined in ever decreasing dollars 6% year over year, like all commodities since about 1973.
ISM should show a seasonal hit, but not much, if cars are the example that replaces houses as the thing purchased big ticket. New car prices already outstrip home prices in many parts of the country. You can get some pretty decent digs in the South for $120K.