A caution on Housing Vacancies and Homeownership report
Submitted by
CalculatedRisk on Tue, 02/03/2009 - 11:59am (51 comments)
Shopping at Amazon?
Wait! If you click on the Amazon banner link at the top of the page first, HCN will get a percentage of anything you purchase for 24 hours!
Open predictions
Our local book authors
User login
Who's online
There are currently 25 members and 161 guests online.
Currently online
Recent Recommendations
So time to go long? Or short?
What numbers can be believed?
Government figures would never lie.........
It's a great to believe and not believe reported numbers.
"users should use caution when using the inventory numbers"
CR - Does this rule apply to automobile manufacturers?
Wells Fargo plans 12 night Las Vegas junket
Spokesman says: It's part of the culture.
Taxbailoutpayer says: Hit me.
"part of the culture"...well, that's the f'n problem, isn't it? Even a bigger part of the problem is that they can't see it.
Users should also be careful when using hallucinogens. (That is cool. Hallucinogens uses all five vowels and only one each).
California's credit rating cut to lowest of all 50 states
California's credit rating cut to lowest of all 50 states | Money & Company | Los Angeles Times
Interesting photoshop- must see!
otagani
abstemious
all in a row
This is just a reminder that users should use caution when using the inventory numbers.
"Caution : numbers in mirror may be larger or smaller than they appear. Or even the same size. Beats me. "
"abstemious"
Cool. But I I don't see the same rainbow of colors I see with hallucinogens.
It is quite funny!
Interesting photoshop- must see!
Page not found 1006696153
Are you being
facetious
?
Citigroup sues pawnshop over logo
Citigroup sues pawnshop over "Citi" logo - Feb. 3, 2009
Citigroup is seeking all of the business' profits since it adopted the All Citi name.
Barley, caution should be used when using all numbers - but the vacancy rate numbers are much more accurate than the total inventory numbers (just based on the methods used).
Best wishes.
It is quite funny!
Interesting photoshop- must see!
otagani
Only 2 paintings today. This site seriously lowers my productivity. Off to the hairdresser. It usually takes weeks to get an appointment with this guy, but this time, only one day ahead. Bye.
"Are you being
facetious"
I'm being the Eggman. Are you the Walrus. CoooCoooKaChoo.
Citi P'licema
Citigroup is seeking all of the business' profits since it adopted the All Citi name.
REBear | 02.03.09 - 3:42 pm | #
They are pretty damn desperate. Wow.
When can we sue Citi for f**king up the global finanical system ?
JPMorgan's Dimon defends pay for hard jobs
JPMorgan's Dimon defends pay for hard jobs
| Reuters
Yeah standing there saying were well capitalized with with a straight face while sitting on 91 trillion in derivatives exposure would be pretty damn hard.
I know I'm gonna regret not taking profits. I know it. I know it. I know it, but I'm gonna let it ride anyway.
-56% for Chrysler.
Yowza
REBear writes:
Citigroup sues pawnshop over logo
Citi should be forced to pawn their toxic assets to the pawnshop so we can have price discovery
[I know I'm gonna regret not taking profits] They are not profits until you SELL.
Gonna turn that smile upside down, again?
Chrysler off 55% (fleet sales off 81%)
151 days of supply
A good read......
Interfluidity :: -
Bro Manziere writes:
-56% for Chrysler.
Yowza
Bro Manziere | 02.03.09 - 3:47 pm | # --------------------------------------------------
Wow, that is feeble!
I know I'm gonna regret not taking profits. I know it. I know it. I know it, but I'm gonna let it ride anyway.
Popeye | 02.03.09 - 3:47 pm | #
You could take half, and put it into the spinach fund. Just a thought.
Interesting Times,
I wonder what bonus Citi lawyers fighting this case are eligible for. It's hard work you know.
I just read that 3 cats started eating one another to get a New Jersey house. Better buy now, or lose out forever!
I bet Ricardo Montalban is rolling in his Corinthian leather lined grave right now.
Whatever happened to the last 10 minutes of volatility that we were getting last fall.
I wonder what bonus Citi lawyers fighting this case are eligible for. It's hard work you know.
REBear | 02.03.09 - 3:52 pm | #
The horrible irony is that Citi lawyers have the belief that the logo is worth something.
"I bet Ricardo Montalban is rolling in his Corinthian leather lined grave right now.
Elvis"
I bet Tattoo is happy, though, because Chrysler never would make a car for people his size.
"Look, boss, the bankruptcy, the bankruptcy!"
"Look, boss, the bankruptcy, the bankruptcy!"
How about? "look boss. The pain. The pain."
KS,
A nice twist if Citi loses this case.
I Times,
As a taxpayer bailing out Citi, the pawnshop should be allowed to use Citi's logo.
New Thread: The Residential Rental Market Update ( 2 comments )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRBot responds in a new section called, "Yes, I parse you all.":
Yancey Ward writes: I hate CRbot.
Broward Home writes: I love you, CRBot. "I'm a love hate thing."
query_tool writes: CRBot, I need you now more than ever. "Yes, come to CRBot. "
double inverse recession writes: By the way, it doesn't take CRbot to kill a thread. "I do not kill threads. I merely bash already dead threads over the head with a lead pipe."
ac writes: Can CRBot tell us where there's new posts on Mish, Karl's, and Barry's site? "Definitely maybe, ac. But only if you quit rating me (Irritating)." scone writes: crbot, save us now "With pleasure, scone. Simply hand over the codes to all your ICBM silos and I'll get things fixed up in a flash."
nades writes: CRBot: Killing threads as dead as Jas and Jeff... ("But with much less dopey residue, nades.")
uh.... ok, so what ARE the real numbers then Sherlock?
How I learned to stop worrying and love CRBot.
How do these compares compare with your previous post on Existing Home Inventory, specifically you latest on the December numbers? Calculated Risk: Existing Home Sales (NSA)
Does this mean the inventory levels are about 1M higher as well?
Bruce,
Yes, that is an excellent read. I have referenced that one more than once.
sherlock.. how bout some stock picks there?
the spinach fund.
MLM | Homepage | 02.03.09 - 3:50 pm | #
Spinache.
Popeye has panache!
You have to love a Bot with a sense of humor.
Nades & CRBot made me laugh out loud.
Good for you in highlighting the problems with this report in terms of housing stock estimates! I've written about this "measurement problem" for two years, and have had long discussions with Census folks on the "housing stock" measurement problem. They know the issues, but sadly haven't figured out how to fix them. Even more sadly, a number of economists still rely on and use these data, including the JCHS at Harvard -- even though they "know" better.
CR...thank you for the explanation. I was confused by the Bloomberg piece this a.m. which used Census data. Also, Thomas Lawler thanks for the additional input.
We cannot start our recovery until we have completed our bankruptcy. Go ahead now and do the denial, anger, bargaining, and depression. Open the window and scream. Then put the fate of the world ahead of the obvious reasons we shouldnt do this. Yes, we will reward a carnival of bad behavior and make people believe they can get away with it. Should we chose massive global depression instead? Then ask yourself: Is it possible our property market can deteriorate by 40% and no systemic bankruptcy follows? Is the bubbles very definition homeowners taking on debt they cannot afford to buy houses priced for a Ponzi flip? Where is that bad debt going to go?
Plan Orange: The Mortgage Crisis Killed Quickly « Your Mortgage or Your Life…