Forum Post: New Home Sales Make It 12 Out Of 14 Economic Misses

Posted 12 years ago on March 23, 2012, 10:26 a.m. EST by Umong (0)
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From a -0.9% 'modest' fall, January's data was revised to a massive 5.4% drop MoM - the largest drop in 13 months! This is the largest downward revision since March 2009. Again the destruction of the positive trend in macro data (as expectations once again extrapolated to infinity have missed miserably