Tuesday, June 30, 2015

Maybe I don't understand how to read charts anymore.



Pending home sales rise 0.9% in May, highest level since 2006.

I really don't understand the need to over inflate the housing numbers. They aren't that bad. Still, clearly you can see this is not the highest level since 2006. It's not even the highest level since 2012. But that number doesn't seem as exciting as the other one, now does it? I might also be losing my grasp of what the word "rise" means. Clearly at the end of the chart - pointing down is not rising.


Source.

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