{"id":187724,"date":"2011-03-23T19:23:00","date_gmt":"2011-03-24T00:23:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/03\/23\/great-googly-moogly-7\/"},"modified":"2011-03-23T19:23:00","modified_gmt":"2011-03-24T00:23:00","slug":"great-googly-moogly-7","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/03\/23\/great-googly-moogly-7\/","title":{"rendered":"Great Googly Moogly"},"content":{"rendered":"<p>Understand that February is the shortest month of the year, and understand that new home sales are a lot more volatile than existing home sales, but the fact that <a href=\"http:\/\/latimesblogs.latimes.com\/money_co\/2011\/03\/new-home-sales-hit-record-low-in-february.html\">sales fell almost 17% to an all time low<\/a>, or at since records were first kept in 1963, 19,000 homes, giving an annual rate of just \u00bc million home sales a year, is pretty stunning.<\/p>\n<p>As the <i>New York Times<\/i>&#8216; Floyd Norris notes, this is not just the worst month ever, but <a href=\"http:\/\/norris.blogs.nytimes.com\/2011\/03\/23\/r-i-p-new-home-sales\/\">it&#8217;s also the worst 12 month stretch ever<\/a>.<\/p>\n<p>We are not in recovery yet, and with the austerity crowd doing the best to trigger a double dip in order to appease the confidence fairy, and very little push back from the sane folks in public policy, it won&#8217;t get much better.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understand that February is the shortest month of the year, and understand that new home sales are a lot more volatile than existing home sales, but the fact that sales fell almost 17% to an all time low, or at since records were first kept in 1963, 19,000 homes, giving an annual rate of just &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[978,1088,1089],"tags":[],"class_list":["post-187724","post","type-post","status-publish","format-standard","hentry","category-politics","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187724"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=187724"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=187724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=187724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=187724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}