[1]Following this morning's "if we hope it, they will buy" NAHB data [6], the venerable Goldman Sachs released their housing market Swirlogram (and it's something to behold). What we found most interesting was the massive inflection point that occurred just as the chart was collapsing back into the miasma of contraction... Cause or effect, QEternity?
[7]
Chart: Goldman Sachs
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/126
[3] http://www.zerohedge.com/taxonomy_vtn/term/197
[4] http://www.zerohedge.com/taxonomy_vtn/term/11275
[5] http://www.zerohedge.com/taxonomy_vtn/term/12169
[6] http://www.zerohedge.com/news/2013-07-16/nahb-ignores-recent-housing-shock-thinks-happiest-thoughts-2006
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/07/20130715_GSNAHB.jpg