Nixta Rolls |
Rolling is so much less dangerous than tumbling |
According to NPR’s audio article from this page, the stock market is reacting to figures showing that new housing has dropped. They’re still building new houses, just fewer than before.
Why is that an issue? If the market turmoil is because of poor investment strategies handing out home-loans to people who can’t afford them, then this represents an alignment between the availability of homes with the ability of the country to afford them. That is surely a good thing, no?
If the market reacts in these ways to things that make sense and show corrections in industry, then either (as many have asserted) the markets are being run by idiots OR they’re not the engines that they portrayed themselves as being when they wailed for a bailout.
I’m confused, and disturbed.
[ NPR’s written article doesn’t actually mention the housing figures, although the audio report starts off with it which is what triggered my confusion here ]
