A month ago I asked:
How long before MSM stops acting surprised about this economy?
Apparently not yet…
Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates.
The pace of activity caught economists by surprise. They had been expecting a decline in sales, reflecting the fact that mortgage rates have been climbing in recent weeks and now stand at the highest level in nearly four years.
Caught which economists by surprise? The ones on MSM payroll?
But never fear. The MSM isn’t coming around to actually believing our economy is strong. They make sure to temper every piece of good news with the requisite amount of negativity.
The unexpected jump in April home sales was not likely to change the overall view that the booming housing industry is beginning to cool off after setting sales records for five straight years.
It’s ironic that when then-Governor Bush commented on the impending economic downturn he was inheriting, he was accused of “talking down” the economy.
So are they going to now accuse him of “talking up” the economy?