Friday, October 16, 2015

"India's Exports/Imports Plunge By 25%"; The public is mostly unaware, as the News and Record spews bad news is good news propaganda for Warren Buffett

The public is mostly unaware

India's exports fall by a fourth in September, tenth straight monthly decline

India Exports Fall for 10th Straight Month in September

No News and Record on India's woes.

Nothing in Washington Post's Business Section;

Nothing in the New York Times Business Section; 

But the News and Record did report this terrible news as a puff piece today;

"Report: Greensboro has second-most foreclosures in the state

The local housing market has improved dramatically since the real estate implosion...

That leaves Greensboro with a 6.2 percent unemployment rate that’s far above the national average of 4.9 percent.

Richard Barron knows the stated unemployment rate is bogus, 
and quotes it anyway.

...In Guilford County, there is one bright spot. The number of homeowners who have defaulted on their mortgage and moved into foreclosure proceedings has dropped to well below 200 a month since February.

Until the next round of layoffs hit.

...“The good news is that it’s not an infinite number of properties that need to be taken care of,” said Daren Blomquist, vice president at Irvine, Calif.-based RealtyTrac, a national provider of U.S. housing data. “It’s a finite number and there’s a light at the end of the tunnel.

The uptick in repossessions is not cause for concern, Blomquist added.

”Going forward, there’s not a lot of people falling into foreclosure,” Blomquist said, but “bank repossessions continue to be increasing at a very high rate in Guilford.

The number of homeowners 
who have defaulted on their mortgage 
and moved into foreclosure proceedings 
has dropped to well below 200 a month since February.

Richard Barron

We’ve seen eight consecutive months, including September, where those numbers have increased.”

That's what spin sounds like.

On the positive side, there’s a mounting number of people ready to jump into the housing market for the first time. That should counteract the impact of foreclosures.

Ever been played for a fool 
by a local newspaper before? the longer term, it’s a good thing that the banks are dealing with these properties.”
If the citizens of Guilford County 
are stupid enough to believe this crap, 
they get what they deserve.