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HomeGaming Housing Statistics or Time Reveals Truth
Posted by Larry Doyle on November 18th, 2009 10:46 AM |
Time reveals truth.
I love that pearl of wisdom shared by Danielle Park, my guest this past Sunday evening on No Quarter Radio’s Sense on Cents with Larry Doyle. I find it very applicable to the economic report released this morning on housing starts. What did that report indicate? Housing starts in October registered a supposed surprising decline of 10.6% to a seasonally adjusted 529, 000 annual rate.
Is this truly a surprise? Market analysts and government pundits who continually ‘oversell’ economic data as legitimate, when in fact that data is gamed via government props, need to show surprise when a report disappoints. If they do not act surprised, then they merely expose themselves and lose credibility.
The simple fact is the housing market in our country remains in decline. One merely needs to look at the continually increasing levels of delinquencies to understand that. I addressed this important data last May in writing, “The Most Critical Economic Statistic”:
Which economic statistic is the most important? Unemployment? Housing starts? Trade deficit? Inflation? Retail sales?
Well, they are all important . . . but as I review the many statistics, the economic data that I believe most significant are loan delinquencies. Now, mind you a delinquency does not mean that the loan has defaulted and been foreclosed upon. A delinquency is merely a late payment. Typically loans are classified as 30 day, 60 day, or 90 day delinquent. There is a very high correlation between delinquent loans and those that default. (more…)
Danielle Park Provides More Sense on Cents
Posted by Larry Doyle on November 17th, 2009 2:30 PM |
My interview with Danielle Park this past Sunday evening on No Quarter Radio’s Sense on Cents with Larry Doyle was a gem. I have received countless messages of thanks for bringing the wisdom of Danielle Park to bear on the readers and listeners at Sense on Cents.
For those who missed the live interview, I strongly recommend listening to the audiotape. In the same spirit, high five to VD for bringing to my attention a recent MoneyShow.com interview with Danielle. This 4-minute clip entitled, “Stock Market Not Like the 80’s & 90’s,” may only whet your appetite and have you wanting more of Danielle’s cogent insights and macro-perspective. Click on the video image below to bring you to the MoneyShow.com site where the video will automatically begin playing.
LD
No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Danielle Park, Sunday Evening November 15th
Posted by Larry Doyle on November 14th, 2009 10:01 PM |
UPDATE: This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by clicking at any point along the play bar.
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Our global economic landscape continues to present new twists, turns, peaks, valleys, and challenges. There are those who believe we are in the midst of a V-shaped recovery, while others see the next Great Depression right around the corner. What is one to do? Where can one turn to make sense of it all so as to most effectively ‘navigate the economic landscape?’ You have come to the right place as No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Danielle Park this Sunday evening, November 15th at 8pm EST.
Danielle Park
While many market pundits and Wall Street analysts would attempt to define the ‘rules of the game’ and inform us as to how to play, what has that approach truly ever accomplished? I strongly believe each and every individual needs to understand his own personal situation in the process of navigating one’s own personal economic landscape. To that end, I am thrilled to have Danielle Park join me this Sunday evening. Why?
Danielle brings a perspective to personal finance, the markets, and the economy that is vastly different from what we are fed by the Wall Street establishment. How so? Who is Danielle Park? Let’s go ‘north of the border’ as Danielle lives and works in Ontario, Canada. Danielle is uniquely qualified to address the challenges of our current economic turmoil. (more…)
