The Keynesian Money Printers Repudiated Again: June New Home Sales Swoon

The interesting thing is not simply that the Keynesian Cool-Aid drinkers who pass for Wall Street economists got it wrong again. Actually, as can been seen clearly in the chart below from the Wall Street Journal, the June 2014 number for new home sales was exactly the same as the 400,000 number posted right after the financial crisis in the fall of 2008.
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