Does the Mainstream Financial Press LIE????
Headline and Contents from WSJ this evening:
California Home Market Shows Growth
SAN JOSE, Calif. -- A home-sales revival that began last year in some of California's cheaper inland areas has begun to spread to several more expensive coastal areas, another hint that devastated real-estate markets in the state -- and other parts of the country -- may see less grim days ahead....
In Northern California, a big factor is first-time buyers like Denise and Steve Petrosky, who are newly optimistic about the market and can afford a home for the first time. The Petroskys in February paid $374,900 for a three-bedroom home in Morgan Hill, just south of San Jose, that last sold in 2006 for $610,000.
GROWTH???? Shows GROWTH??????? Who the blank are they kidding????? How stupid do they think there readers at the WSJ are......could you imagine if TMF treated its community that way????????
HOME PRICES ARE IMPLODING IN CALIFORNIA!!!! THE ARTICLE CITES AN EXAMPLE WHERE PRICES ARE DOWN ALMOST 50%. EXPERTS FORECAST FURTHER DECLINES!!!!
If the stock market fell 50% on increasing volumes AND further price declines were forecasted ahead.....do you think the headline would read STOCK MARKET SHOWS GROWTH????
Heck....NO!!!!! It would read Stock Market Collapses with Further Declines Ahead!!!! The fact that volume was increasing as stock prices were crashing would be viewed as more trying to sell.....NOT more buying. If prices were RISING it would be a different story.
At this point, you have to ask yourself does the WSJ really give a damn about its readers.....or do they just think its audience are a bunch of Fools?????
Could you imagine the GROWTH in sales if every home in the nation listed for the average current selling price of a home in Detroit......$6,000. Sure there would be growth in sales, but millions of families across America would be finanically wiped out!!!!!!!!
Clearly, the WSJ must really think its audience are complete idiots!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Maybe that is why TMF is so good!!!!!