Railroad cars retrieved from storage as lumber, auto shipments increase. Doesn’t say too much either way about Greenwich housing, but I have noticed an increasing number of new housing starts around town, the latest being that lot on Hearthstone that’s been mothballed for the past 3-4 years.
I’m a little surprised, by the way, that we haven’t seen a resurgence in home remodeling by smaller builders, because there’s definitely a demand for less expensive homes that have modern amenities. I’d guess the smaller guys are still locked away from credit, but that’s just a guess – maybe they all went under in the recession and their replacements haven’t figured out that it’s time to leave their jobs and strike out on their own, or perhaps the economics (purchase price, cost of renovation, sales price) still aren’t right.
in linking to your article, I see breaking news about US Productivity.
The productivity of U.S. workers rebounded in the second quarter as employers sought to protect earnings by squeezing more out of existing staff. The measure of worker output per hour increased at a 1.6 percent annual rate following a revised 0.5 percent drop in the prior three months, figures from the Labor Department showed today in Washington. Expenses per employee climbed at a 1.7 percent rate after surging a revised 5.6 percent.
Will it be spun as RomneyHood or Obamaloney? Stay tuned.
I stomp on your glimmer of hope and bring you a moment of darkness: political correctness at the Olympics gone mad: man arrested for not smiling.
http://www.guardian.co.uk/uk/2012/aug/08/olympics-spectator-parkinsons-arrest-smiling
Your ‘Railroad cars retrieved from storage as lumber, auto shipments increase’ reminds me of something I read many years ago in Richard Ney’s “Wall Street Jungle”. One of his premises was that insiders, floor specialists (if I’ve got that right), manipulated the market to their advantage, then attached the raison de jour as the cause. I think that anyone who believes that railroad cars have been retrieved… because of a upturn in productivity — kind of reminds me of a WWII, feel good propaganda movie — has been hoodwinked in such a manner, and it’s more likely that military hardware is beeing put in place for the final crackdown, total government domination that the NWO has in store for the 99%.
Here, see for yourself:
http://www.infowars.com/hundreds-of-tanks-moving-through-burbank-california-without-desert-camouflage