That’s a hot topic we will get into Wednesday for www.peoplenomics.com subscriber report tomorrow. But what we do have on hand is the latest Housing Price press release from Case-Shiller, S&P, et alia:
NEW YORK, November 29, 2016 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for September 2016 shows that home prices continued their rise across the country over the last 12 months. More than 27 years of history for these data series are available, and can be accessed in full by going to www.homeprice.spdji.com. Additional content on the housing market can also be found on S&P Dow Jones Indices’ housing blog: www.housingviews.com.
YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, surpassed the peak set in July 2006 as the housing boom topped out. The National index reported a 5.5% annual gain in September, up from 5.1% last month. The 10-City Composite posted a 4.3% annual increase, up from 4.2% the previous month. The 20-City Composite reported a yearover-year gain of 5.1%, unchanged from August.
Seattle, Portland, and Denver reported the highest year-over-year gains among the 20 cities over each of the last eight months. In September, Seattle led the way with an 11.0% year-over-year price increase, followed by Portland with 10.9%, and Denver with an 8.7% increase. 12 cities reported greater price increases in the year ending September 2016 versus the year ending August 2016.
This part is interesting too:
ANALYSIS “The new peak set by the S&P Case-Shiller CoreLogic National Index will be seen as marking a shift from the housing recovery to the hoped-for start of a new advance” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “While seven of the 20 cities previously reached new post-recession peaks, those that experienced the biggest booms — Miami, Tampa, Phoenix and Las Vegas — remain well below their all-time highs. Other housing indicators are also giving positive signals: sales of existing and new homes are rising and housing starts at an annual rate of 1.3 million units are at a post-recession peak.
And for those who prefer a picture to the thousand words:
We will get to GDP and Corporate Profits after I get something off my chest.
It’s probably a good thing I am “slow to join” things like political parties. Took me 30-years before the Party of Lincoln made sense, and that party went missing 25-30 years ago, only recently resurfacing.
Had I joined the Green Party, it would have been like branding myself a simpleton. (Not that the label can’t be applied anyway; I’m not claiming otherwise…)
The first reason not to be a Green is that Jill Stein apparently can’t do math. As we discussed t’other day, the Greens racked up something like 32-thousand votes in Wisconsin. Hillary had something on the order of 1.383-million while Trump posted (going on credible reports here) 1.404-million.
Even the most math-impaired person in the world would have to admit that the odds of Stein finding an error in the 1-MILLION plus range is close enough to zero so as to be a waste of time. Unless, as we proposed Monday, she’s really cut some kind of a deal with the Clintons. In which case it MIGHT make sense, in a highly politicized, let’s shear the sheep of their money kind of way.
The OTHER reasons Greens might be feeling a bit simple is the report in the UK Daily Mail, that goes to the idea (supported by solar output, math, and you know…science kind of stuff…and not of the jiggered and twisted climate knickers to“stampede people into a Global Climate Tax” way) that in fact there is NO CLIMATE CHANGE.
Not like there isn’t more science to it…particularly when you read “The ‘dead sun’: Stunning Nasa video reveals barren solar surface with lowest level of activity since 2011.”
For the Greens wanting to update their wetware, recipe goes like this: Higher Sun Spot Counts equals Solar Warming on all Planets. Earth lags a bit due to adiabatic circulation that slows rates of change…oh, hell, go take a meteorology course. While you’re at it see Hysteresis too….
Well (language alert) shit fire and save matches, there goes another made-up business model that kicked off when Gore lost to Bush in 2004 and he went off and rode the Climate Bandwagon that then-Illinois state senator Obama helped get funded. Yeah, all cronyism.
This is not to say all Greens are simple. Only the ones that emptied their wallets to challenge via recounts, not realizing the ugly money of Soros seems to be at work again, too.
Reason #3, or whatever we’re up to here, is that Stein and the simple Greens missed the Pennsylvania challenge deadline. Once again, only the math-impaired wouldn’t see this as yet-another Soros-Clinton end-run attempt.
But since you’re above average, just remember there are lesser people on the other side of that Gaussian distribution.
And they vote.
Peoplenomics Subscriber Note
Remember this week’s Sunday report? The one where I predicted that we would see a huge showdown between titans of real estate (owners of shopping malls) and other such favored investments of pension funds and insurannce companies and such, working the new president to bust up online retailers (like Amazon) because they are making it nigh-on to impossible to raise mall lease rates?
That results in those investments not keeping up with inflation and some might not even break-even?
Behold! Another Ure prediction comes to pass as Donald Trump reportedly has added an anti-trust expert, one David Higbee of Hunton & Williams, LLP.
For those who like the TV series Suits, this move sets up the battle of titans with Onliners on one side, and the “mall investors” (not to be confused with malinvestment, lol) crowd on the other.
I mean just because Amazon is coming up on the 70,000 robot and 2-hour delivery of many products directly to homes and businesses, there’s been nothing to stop mall tenants from getting their poop in a group before it came down to lawyers.
I know…we’ve covered this dueling business model stuff before, but this is delicious.
Especially when we see Wal-Mart as a special case being BOTH a great-big bricks but transitioning to clicks kind of outfit. They seem destined to win – either way.
How the hell the Trump administration can craft a “One Size Fits All” solution to mixed-models like that should be wildly entertaining to the business geek in all of us.
It also hasn’t escaped our notice that the lightening up on Trump in recount talk comes as Trumpians harden up on their online anti-trust talk.
Coincidental? Well, hell no. Nothing is “coincidental” in a massively interconnected financial mess like this one.
Obama’s Wrecking Ball
Child-dumping of kids who mostly can’t speak Engrish and who are immigration off-spring steams ahead.
BTW: That knife attack up at Ohio State university couldn’t have come as a worse time for the bleeding-hearts (which may impact mental function) because 43,000 Somali refugees have been resettled here (marginally vetted? Bet me?) under you-know-who’s plan to end the “melting pot.”
Disingenuous Reporting Call-Out
Speaking of the Ohio State KNIFE attack, we gotta mention the subtle working of your preconscious perception in the curiously-timed USA TODAY story “How universities train students, faculty for ‘active shooters’.”
Lemme see: The Ohio State attack was car and knife and had NOTHING TO DO WITH GUNS. But the headline doesn’t make it sound that way, does it?
Yeah, right. Perhaps it was a birthday party. FMTT.
Idiotic Syria Policy
In the meantime, Syrian forces capture major Aleppo neighborhood in blow to rebels. And the hell of this one is the US is continuing to aid the ISIS-backed rebels.
The more war, the more refugees, the more opportunity to jerk the open-border sign and ride the simple-minded open borders crowd.
Those of us whose relatives came through Ellis Island and were vetted, are largely ashamed.
No borders? No Country! Seems to me that’s something every street-corner lefty oughta know. Or get a refund on the law degree, maybe?
Making Even MORE Refugees
No stopping ‘em, though:
For those who missed it: Syria’s president Assad INVITED Russia in to help it put down a cocked-up U.S. neocon plot to “regime change” Assad out of power.
So we continue pouring money down that rat-hole not realizing that where we SHOULD be focused is on keeping Iraq (where we are more welcome, though that’s a problem, too) which is where ISIS is off Global Caliphate-building.
Our bombs make more refugees, keep defense spending high, and keep the wheels of commercial and death industry and bureaucratic social services hiring well-greased.
Oh, and ISIS is calling for more Ohio State-like attacks in the USA.
It’s all whacked.
But you might have figured that unless you’re a simple…oh, you know.
Attacking Rush Limbaugh
Salon story online here: “BULLSH**TER OF THE DAY: Rush Limbaugh, for setting us all straight on this whole fake news business.”
What I found interesting was that while they called out Jill Stein’s campaign back in October, they are remaining silent on the Stein-Clinton donor shake-down/recount nonsense.
They strangely don’t seem to call out the Clinton side, though my search is incomplete. Even so, it suggests to me that Salon is part of the liberal effort to (with credit to Rush) de-legitimize the President-elect.
Makes sense, too. Perhaps they can pick up the 32,000 Green voters in Wisconsin as readers…
Hand Me the Press Releases
On corporate profits and GDP:
“Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month. In the advance estimate, the increase in real GDP was 2.9 percent.
With the second estimate for the third quarter, the general picture of economic growth remains the same; the increase in personal consumption expenditures was larger than previously estimated.”
After the press release, futures were about flat.
We’ll update this page with the Housing Data when it’s released…about 8:15 Texas time. East of the Pecos, that is.