Thursday, January 19, 2017

Who pays winter construction prices?

Housing Starts Beat On Jump In Rental Units, Single-Family Permits Rise To Highest Since 2007

A minor statistical anomaly, The Asian rebalance has favored housing, but the rebalance effect is not really seasonal, it is PBOC conditional. The seasonal adjustment gets out of whack a bit. 

But, for he consumer there is a disconnect between housing costs and other consumables, as a result of the Asian rebalance.  There is a weak relationship between employment and inflation, the distribution of prices is not reasonably bell shaped and the algebra macroeconomists need won't work. Ito is unhappy.

No comments: