The Blog

Losing Speed

1:00 PM, Oct 23, 2013 • By GEOFFREY NORMAN
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The economy is, as always, what we think about, even when we are talking, almost entirely, about something else.  As, for instance, the troubles with the Affordable Care Act.  When things are going well, economic growth is robust, people are making more money, employers are hiring … then, all things seem more manageable.  Even a glitchy government website.

Along with the recent anemic jobs report, there are troubling signs in the housing market where, as Zero Hedge reports:

… home prices gained at the lowest pace in 11 months(0.3% MoM vs 0.8% expected) missing expectations by the 2nd largest amount in 13 months.

We could use an unexpected boom in … something.

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