Thursday, February 09, 2012

Economic Indicators

In this day and age I have no idea why housing starts are any indicator of the economy. Heck, it's wild home buying promotions that got us in the pickle we're in today. I understand why housing starts got their clout after WWII but the population growth is sputtering out & a lot of those houses built in the second half of the 20th century were built to last. New housing for some time now should be growing at a pace rivaling M$oft's OS glacial pace of growth. That is - the market is saturated reports comic book sales had their best January since 2008. Dunno if this should be any kind of economic bellwether - it might just be some kind of ouroboric film / comic book entertainment cycle. Seems as good as using housing to gauge the economy, tho. I mean, what's a house but a place to keep your comic books?

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