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DewDiligence

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DewDiligence

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Re: DewDiligence post# 2573

Friday, 01/18/2013 3:47:14 PM

Friday, January 18, 2013 3:47:14 PM

Post# of 30545
Good for PCL—US housing starts in Dec 2012 were 954K (seasonally adjusted), the highest level since Jun 2008:

http://online.wsj.com/article/SB10001424127887323468604578247471188721386.html

Still, US housing starts are only about halfway back from the recession low point to the former high, reached in the middle of the prior decade (#msg-62419479).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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