The Dumb Money’s at It Again: Always the Last Sad Sack to the Party…

Harry DentHarry Dent, Economy & Markets Daily, Released on 5/31/16

New home sales just went up a staggering 16.6% in April.

619,000 new homes were sold – the most since early 2008 just before the worst of the housing meltdown, and the highest rate of growth in 24 years.

So is this a sign that the economy is back on track?

Don’t count on it.

Home sales, like jobs, is a lagging indicator, not a leading one. It’s a sign of where we’ve been, not where we’re going. So this isn’t a big surprise to us.

In fact, this is just like stock indicators near a peak.

Continue…

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called “Survive and Prosper.” Mr. Dent accurately predicted Japan’s collapse in 1989, the dot-com bubble-bust in 2000 and the housing bust in 2006 to 2007 (among many other things). He’s written numerous books, including The Great Boom Ahead (1992), The Great Depression Ahead (2008), The Great Crash Ahead (2011) and The Demographic Cliff (2014).

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments