Wednesday, November 18, 2015

US Economic Contraction Inevitable

News
A growing minority, likely including a Fed that despite a directive of transparency cannot speak the truth, recognizes the writing on the wall for a global and US economy. The Economic Activity Composite (EAC), a leading proxy for US economic activity, has been down since February 2015. This impulse, led by the faster intermediate-term trend (ITCO), defines not only an economic contraction in the United States but also business cycle transition from prosperity to liquidation.



Headline: Oct. home construction slumps on fewer apartment buildings

WASHINGTON (AP) -- Apartment construction plunged sharply in October, as the pace of homebuilding slipped amid a broader cooling of the real estate market.

The Commerce Department says housing starts — both houses and apartments— fell last month 11 percent to a seasonally adjusted annual rate of 1.06 million homes.


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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.