New Home Sales Rise.
Sales of new U.S. single-family homes unexpectedly (emphasis mine – GOC) rose in October, scaling their highest level in 10 years amid robust demand across the country, offering a boost to the housing market.
The Commerce Department said on Monday new home sales increased 6.2 percent to a seasonally adjusted annual rate of 685,000 units last month. That was the highest level since October 2007. September’s sales pace was revised down to 645,000 units from the previously reported 667,000 units.
There’s that word again: unexpectedly. Remember, back during the Obama reign all of the bad economic news was “unexpected”. We constantly heard from the Fake News Media about “recovery summers” that “unexpectedly” didn’t happen or “unexpected” low economic growth. The Fake News Media even tried to put a good face on it by telling people who couldn’t afford vacations because of the poor economy to have “staycations”. They just couldn’t believe that the socialist policies of the Obamessiah weren’t working.
Now they can’t believe that the economy under the racist blowhard Trump is actually going great guns so they try to tell us that all the good news is “unexpected” just like Paul Krugman, economist for ENRON, told us the stock market would never recover from election day. Wrong again Paulie. Who woulda ever thunk that less regulation would make the economy take off? Who woulda ever thunk that capitalism worked better than socialism?
When Obumbler was in charge their excuse for a bad quarter was a storm. Under Trump therre were three hurricanes that hit and economic growth was over 3%. Unexpectedly.
The economy is doing far better than under Oblunder and the stock market keeps setting records. Checked out your 401-K lately? The only thing keeping Trump from positive approval ratings is the fake Russian collusion investigation and the constant fake news coming from the Fake News Media. Piegate? GMAFB! Can you believe whether or not Sarah Sanders baked a pecan pie for her family is news? The White House Press Corps does.
Not only do we have the worst political class in history we also have the worst news media in the history of this country.
SOURCE: Grouchy Old Cripple