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The good news is that 3Q snapped back very well, all things considered with the lockdowns.

 

The bad news is that it's a lagging indicator, and initial views of 4Q are not pleasant.  We're getting a sense of a big slowdown in manufacturing & other sectors in the backbone of the economy.   Whoever wins will have a tough economy to lift up.

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Pending home sales have retreated though. Simply lack of stock available.


September Existing-Home Sales: 4th Consecutive Month of Growth
 

This morning's release of the September Existing-Home Sales showed that sales rose to a seasonally adjusted annual rate of 6.54 million units from the previous month's revised 5.98 million. The Investing.com consensus was for 6.30 million. The latest number represents a 9.4% increase from the previous month.
 

</snip>

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2 hours ago, GG1 said:

The good news is that 3Q snapped back very well, all things considered with the lockdowns.

 

The bad news is that it's a lagging indicator, and initial views of 4Q are not pleasant.  We're getting a sense of a big slowdown in manufacturing & other sectors in the backbone of the economy.   Whoever wins will have a tough economy to lift up.

 

Not sure how this factors, but over the past couple of weeks I have finally seen a return to new tech projects being tee'd up for Q1. It's been dead for months, but suddenly that is changing and I'm actually giving thought to a possible Q1 backlog. I'm cautious, naturally, but just the sheer uptick in RFQs is too real to deny.

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Not sure where else to put this but here is a compiled list of Trump accomplishments in the face of a hostile media and House

 

https://www.magapill.com/

Spoiler


President Donald J. Trump's Accomplishments List:

Government

Economy

 

 

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  • 1 month later...
20 minutes ago, devnull said:

I'm going to enjoy watching the Left's reaction to the upcoming flood of evictions during Biden's first few months

Any evictee will just have to paint their house red and claim sovereignty.

Portland Black and Indigenous family, ‘red house’ protesters’ aura of success could prompt more occupations over home foreclosures, Mayor Ted Wheeler concedes
"Mayor Ted Wheeler conceded Monday that protesters’ aura of success could lead to similar occupations over other home foreclosures — but said he hopes it doesn’t."

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On 12/14/2020 at 7:22 PM, Uncle Joe said:

Any evictee will just have to paint their house red and claim sovereignty.

Portland Black and Indigenous family, ‘red house’ protesters’ aura of success could prompt more occupations over home foreclosures, Mayor Ted Wheeler concedes
"Mayor Ted Wheeler conceded Monday that protesters’ aura of success could lead to similar occupations over other home foreclosures — but said he hopes it doesn’t."


"President Roosevelt conceded Monday that Japan’s aura of success could lead to similar occupations over other Pacific Island Nations — but said he hopes it doesn’t."

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14 hours ago, DC Tom said:

 

But the lockdowns are because Trump didn't stop the virus, therefore Trump caused the economic damage.

 

(People actually think that way.  It's amazing.)

 

Do these twats think he was supposed to be out there catching the virus with a butterfly net?

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  • 4 weeks later...

More on the Biden "stimulus"

 

https://www.foxbusiness.com/economy/biden-covid-relief-plan-increase-spending-study

 

Quote

 

Democratic lawmakers are poised to plow ahead with passing President Biden's $1.9 trillion coronavirus relief package, a measure that will provide an immediate burst to the U.S. economy but that could drag on growth in years to come.

That's according to a new analysis published Wednesday by a nonpartisan group at the University of Pennsylvania's Wharton School, which found that Biden's proposal could increase the nation's GDP by 0.6% in 2021. But the additional public debt resulting from his measure would decrease GDP, the broadest measure of goods and services produced in a nation, by 0.2% in 2022 and 0.3% in 2040.

 

 

Sorry, but THAT is the definition of a DEPRESSION

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