Half-billion dollar jackpot generating unprecedented sales
MUSL also expects to award $70 million in non-jackpot cash prizes Wednesday
By Todd Northrop
Player enthusiasm nationwide for Wednesday night’s Powerball jackpot, the largest in Powerball history, has resulted in record sales leading to an increase today in the estimated jackpot amount to $500 million — currently the largest in the world, and the second largest jackpot in U.S. lottery history.
Besides the jackpot, Powerball is expected [...]
The Jurassic Press was in full-throated ObamaChorus mode in reporting on General Motors (GM)’s allegedly strong June sales.
Very few failed to receive the sheet music.
General Motors June US Car Sales Rocket 16%?
GM’s June sales up 16%, show broad-based growth
GM June U.S. Sales Up 16%?
Mentioned was that We the Taxpayers were conscripted to bailout GM to the tune of $50 billion.
General Motors’ US sales up 16% in June?
General Motors (GM) Shifts Gears [...]
Written by Jeff NielsonWednesday, 15 February 2012 14:47
It has become increasingly difficult to engage in credible economic analysis, especially with respect to the U.S. economy. The problem: ever more limited sources of uncorrupted data, while the farcical “official statistics” have long since been totally divorced from the real world.
Fortunately we have been presented with some raw, uncorrupted data which demonstrates in conclusive terms that the U.S. economy is literally shriveling [...]
Alejandro Lazo at the LA Times wrote today: New home sales stuck at the bottom in August
“This year is shaping up to be the worst year on record for new home sales,” [Patrick Newport, U.S. economist with IHS Global Insight] wrote in a note.
The Census Bureau started tracking New Home sales in 1963, and the record low was 412,000 in 1982 – until that record was broken in 2009 [...]
A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010.
And some additional observations on what is becoming a physical buying frenzy from CoinNews.net:
Sellers have slashed prices each month since May and sales still at record lows for all those months
Mortgage applications fall for several weeks now despite huge supply and record low interest rates.
This is the best time to buy a home and no one is buying….that tells you how bad things are…..we are going over a cliff and the USA will lose another couple trillion in property value and that means [...]
Annualized New Home sales
If it wasn’t for a lack of context there would be no news.
Ignore all the month to previous month comparisons. May was revised down sharply and that makes the increase look significant. Here is the bottom line: this was the worst June for new home sales on record.
The Census Bureau reports New Home [...]