Tag: psychology

December 31, 2013 0

Joke Headline of the Day: "Pending Home Sales Rise"; Five Housing Headwinds

By News Desk

Zero Hedge : Pending Home Sales Plunge At Fastest Pace Since April 2011 It took about one second to understand the discrepancy. All but the ZeroHedge headline (not necessarily the articles) ignored the NAR statement (see first link) " The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched up 0.2 percent to 101.7 in November from a downwardly revised 101.5 in October, but is 1.6 percent below November 2012 when it was 103.3. " ZeroHedge has a chart that shows just that.

December 30, 2013 0

Judge Bars San Jose from Imposing Voter-Approved Pension Cuts; Hollow Victory for Unions

By News Desk

Judge Bars San Jose from Imposing Voter-Approved Pension Cuts; Hollow Victory for Unions On December 24, a state court judge barred the city of San Jose, California, from imposing voter-approved pension cuts on current municipal worker. San Jose Mayor Chuck Reed, a Democrat, encouraged voters in his city to back municipal pension cuts he proposed as part of last year’s Measure B, which drew 70 percent support at the polls. The unions challenged the measure, leading to Judge Lucas’ ruling in Santa Clara County Superior Court