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Managing Editor/Co-Founder of Global Economic Intersection
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John Lounsbury is the managing editor and co-founder of the Global Economic Intersection. Global Economic Intersection (Econintersect.com) focuses on the economic effects on finance, investing, social interactions, and politics/public ... more

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January 2020 Headline New Home Sales Improved?
The headlines say new home sales grew month-over-month - but the three-month rolling average growth declined.
Crash Of '29 And The Catastrophe That Followed
On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day.
August 2019 Headline New Home Sales Improved And Best Year-To-Date Since 2007
The headlines say new home sales improved month-over-month. Median and average sales prices were significantly up.
September 2018 Headline New Home Sales Significantly Slows
The headlines say new home sales fell off a cliff. Median sales prices were little changed - but the backlog of unsold homes grew with over 7 months of supply.
August 2017 Headline New Home Sales Again Decline
This month the backward revisions were mixed, but the rolling averages significantly declined.
February 2017 Headline New Home Sales Improve And Above Expectations
The median sales price for homes declined. The rolling averages declined. However, the data was above market expectations.
Economics, Society, And The Environment: What's Wrong With This Picture?
A common view of some is that the relationship between economics and the environment is that environmental considerations are "externalities" for economic systems, but not everyone agrees on this theory.
October 2016 New Home Sales Slow
Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
August 2016 New Home Sales Decline On Lower Median Sales Prices
The headlines say new home sales declined. The median sales price for homes was down - and inventory was up insignificantly.
July 2016 New Home Sales Significantly Improves On Lower Median Sales Prices
The headlines say new home sales again dramatically improved. The median sales price for homes was down - and inventory was also down. This was a very good month as sales were well above expectations.
What Is An Economic Depression?
The concept used in economics for a "depression" is inexact and in conflict with the physical definition of the term.
What Caused The Blind Spot For Economists Before The Great Financial Crisis?
The elements in the economy that are at the root cause of the current crisis are absent from the models of economic activity that are used to guide economic policy.
June 2016 New Home Sales Hit With Significant Upward Revision
The new home market is in an extreme depression and the apparent bottoming process has been dragging on for two years, if in fact the bottom has been reached.
Why Don't Low, Zero Or Negative Interest Rates Create Inflation?
The Federal Reserve and other major central banks around the world have set reference rates near zero, at zero or below zero for some time with the objective of increasing inflation. This has failed to produce significant increases in inflation.
China Manufacturing PMI Plummets To 6-Year Low
China's manufacturing sector reported the lowest PMI (Purchasing Managers' Index) reading in 6 years with an August 2015 Caixin/Markit "Flash" (preliminary) survey result of 47.1. Readings below 50 reflect a contracting manufacturing sector.
China Manufacturing PMI Weakens In July 2015
China's manufacturing sector reported the lowest PMI (Purchasing Managers' Index) reading in 15 months with a July 2015 Caixin/Markit "Flash" (preliminary) survey result of 48.2.
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