Just out from Case-Shiller/S&P is the latest Housing data:
New York, January 27, 2015 – S&P Dow Jones Indices today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data released today for November 2014 shows a continued slowdown in home prices nationwide, but with price increases in nine cities.
More than 27 years of history for these data series is 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.
Both the 10-City and 20-City Composites saw year-over-year growth rates decline in November compared to October. The 10-City Composite gained 4.2% year-over-year, down from 4.4% in October. The 20-City Composite gained 4.3% year-over-year, compared to 4.5% in October. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 4.7% annual gain in November 2014 versus 4.6% in October 2014.
(I marked the Elliott wave danger area that we don’t want to break below – g)
Miami and San Francisco continue to lead all cities, posting gains of 8.6% and 8.9% over the last 12 months. Nine cities, including Tampa, Atlanta, Charlotte, and Portland, saw annual growth rates climb more than other cities in November. 12-month growth rates for Detroit and Miami dropped the most among all 20 cities.
The National and Composite Indices were both marginally negative in November. The 10 and 20-City Composites reported declines of -0.3% and -0.2%, while the National Index posted a decline of -0.1% for the month. Tampa led all cities in November with an increase of 0.8%. Chicago and Detroit offset those gains by reporting decreases of -1.1% and -0.9% respectively.
As you can see, we’re back to late 2004 prices when we look at the price data. That means that as a practical matter, y6ou’d have has to buy in 2001-2003 to break-even. That’s because of buy-sell spreads and, oh yeah, the dollar bought more in 2004 than it does today.
Things that cost $1.00 in 2004 actually cost $1.25 today (using data only through 2014).
Snow Flakes Out
A number of people pointed out that it was the lib media, not the people of the Northeast who were being flaky about the snow coverage.
As usual, the Associated Press holding to high standards of journalism admitted the storm failed to live up to predictions, but like I was saying in Monday’s column: It is winter, after all.
I’ve about recovered from my tongue-lashing from my liberal friend in the NE who explained in detail how this was a result of “global warming.” All the warm air from the Atlantic colliding with cold air in larger than usual amounts driven by warming seemed to be what he was getting at.
I hold to my earlier belief that now that normal weather is returning to California (and Anchorage, where it was 7F and snowing earlier this morning) that the wonky climate likely has more to do with the breakdown of the thermohaline conveyor on the Atlantic side, along with further-than-usual perturbations in the El Nino/La Nina oscillation (which was why the California drought and warmer fall in Anchorage) but I bit my tongue.
Few will dispute that the largest flood in recorded history occurred in 1931 in China. Yet, I ask my climate change promoters, where was the manmade warming from them?
Moreover, the deadliest hurricane in US history was in Galveston, TX in 1900 and the runner up was in 1928. Not much manmade warming on the scene then, was there?
On the other hand, the breakdown of the Gulf Stream is a major oceanic issue, but even the climate (and climate tax promoters) will have to admit there may be an upside to climate change: Notice how small the hurricanes have been here, lately?
I’m still undecided on climate change. Why? Well, the largest ionospheric heater in history really was manmade – the High-frequency Active Auroral Research project – better known as HAARP.
Not to be prickish about climate change, but when an atmospheric heater was running for years in an effort to map underground tunnels in the Middle East (using radio tomography) at God knows what expense to the atmosphere, I’ll just let the narrow-minded climateers argue their little hearts out.
According to Wikipedia:
The ionosphere is traditionally very difficult to measure. Balloons cannot reach it because the air is too thin, but satellites cannot orbit there because the air is still too thick. Hence, most experiments on the ionosphere give only small pieces of information. HAARP approaches the study of the ionosphere by following in the footsteps of an ionospheric heater called EISCAT near Tromsø, Norway. There, scientists pioneered exploration of the ionosphere by perturbing it with radio waves in the 2–10 MHz range, and studying how the ionosphere reacts. HAARP performs the same functions but with more power and a more flexible and agile HF beam.
Now, until all the power consumption and dissipation of HAARP can be accounted for – and until someone in government gets honest and real about what the HUGE ionospheric heater might have done to screw with climate, Ures truly will have nothing to do with becoming a partisan in the climate battles.
3.6 megawatts of heat energy (yes, there was that much radio frequency energy) is a little more heat than the 1,500 watt heater you might have on your tootsies this morning. Aimed at various places around places around the world, guess what? Think there was a possibility of “instant climate change?
You see, it’s things like this that bother me. HAARP and installations like it in Norway and elsewhere the deliberate heat the ionosphere….that’s worrisome. So it climate change really manmade? Yeah, more’n likely.
Made by peons like us? Ask me when all the data is available and when the climate fanatics start explaining how many megawatts of heating for how long, and where, and tell us whether it was all just a scam to grab a new tax, or what?
The nutjob theory is that HAARP worked beyond anyone’s best guesses and as ionospheric heaters came along, efforts at weather control came, too. But somewhere, somebody figured out that using that technology would irrevocably change everything so it’s only used now and then when the public needs to be scared back into compliant tax extortion and moved along the path toward global government.
Just a wild-ass theory, mind you. But where did those megawatts of ERP (effective radiated power) go other than high atmospheric heating? Lemme see: About 12.5 million BTUs per hour…lotta cow farts, ain’t it? And up in places never directly heated before…
Follow up research note: Just how much is RF (radio waves) contributing to global warming?
Just WTF does the word heater mean? Now tell me how smart everyone in this climate battle is?
I’m surmising that climate control (after “own the weather” in the AF 2025 report) may have had disastrous results and no one wants to admit it. So let’s blame…uh…Hey! You in the Honda…
Armed and Dangerous
Some buzz around the net today about how the aircraft carrier John Stennis picked up its biggest load of munitions recently down in the Indian Ocean.
Question for the future: Does the Stennis go Pacific, Arabic, or Med…that should tip us off as to where all out war may be expected.
Meantime, Off in Ukraine
I can’t help but notice the George Soros “Save the New Ukraine” piece in the NY Times OpEd today.
So for the next move on the global chessboard, look to Brother Alexei (Navalny), Vlad Putin’s arch-nemesis to get a little support from gee, I wonder who?
Fun chess game to watch, is it not? Soros pro-NATO on this one, no doubt. Just like he poured money through various outfits into Ferguson, MO. Not that his money was for rioting – that was just a coincidence I’m sure.
Guess it’s true: Money doesn’t care where it came from.
Here Comes the Flood
New data out says we can expect another mass of border-crossers, shortly. Thanks to president Obama’s open border policy that refuses to enforce existing laws on the books.
Meantime (and to me inexplicably) Obama approval ratings are back over 50%. Those would be the all of the people, some of the time.
More after this…