March 24, 2008

Simple Economics

The first part of this makes sense, but the latter displays a breathtaking ignorance of supply and demand:

Sales of existing homes in the U.S. unexpectedly rose in February for the first time in seven months, easing concern credit restrictions and falling prices would hurt demand.

You'd think someone writing for Bloomberg would be embarrassed to type something this silly.

Link via Instapundit.

Posted by Charles Austin at March 24, 2008 02:20 PM