Really worried about oil? Pray to the Weather Gods (literally). Warm weather is saving us. Even though we’re paying more at the pump, it’s costing us less to heat our homes.
In other good news, Lindsay Lohan is in the homestretch to complete probation. Nice LINZ! Come on - lets be happy for her. Yes, she screwed-up a lot but she seems to be getting it together. I actually feel a little bad for her when I see her truly crazy parents. Not exactly role-models. Also, she is aging really really badly and she WILL regret that.
Ironically Lindsay’s career and legal problems coincides really well to the housing collapse in the US. Like Lindsay’s early career, we had a raging time where everyone loved us and could not get enough of us. US housing only went one way and we were happy to believe it was never ever going down. High on confidence (Linz was high on something else) we spent lavishly. However serious cracks started to emerge in 2007 (for both) which basically spiralled into a total trainwreck (and then it was game-over). On Jul 6, 2010 when Linz donned orange and joined the inmate population, it definitely looked like her E True Hollywood store was done/dusted. We can say the same about US housing where everyone wrote it off as Gone-zo/Dead.
However, like Linz, looks like things are looking very much on the up and up for US housing. Chatter has been growing recovery is nigh but many shrugged it off. Now disbelievers are really getting backed into a corner. Wednesday’s US housing data was very encouraging. Existing home sales rose 4.3% (highest in 18 months). And the supply of homes on the market has plunged to 2.3 million, lowest level in almost six years. If we continue at this pace we’ll clear these homes in six months. That is good for prices.
Couple this housing data with unemployment at 8.3% (lowest level in three years) and certainly the US is headed in the right direction. Yes we still have demons (Greece and Oil are the big ones) but nobody’s perfect. Lindsay could tell you that.
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