Wednesday, February 5, 2014

Boston Globe Handkerchief

I thought I was all cried out from yesterday (as the song says, it's the lies and the pain they cause), but.... (for the record I still went out and got one early this morning, although it is looking like I will be in and out with blog time again cut short today, sob)

"A Congressional Budget Office analysis released Tuesday predicted that the Affordable Care Act would shrink the workforce by the equivalent of more than 2 million full-time positions.... 

I was told it would create jobs. Part-time and temporary, but they didn't even do that!

The report did say that the law would reduce hours worked and full-time employment but not because of a crippling impact on private-sector job creation. 

Oh, no? I was told they were pushing employees to the exchanges. 

So what could it possibly be then?

With the expansion of insurance coverage, the budget office predicted, more people will choose not to work, and others will choose to work fewer hours than they might have otherwise to obtain employer-provided insurance.... 

Okay, first of all, less hours is not going to provide employment coverage. What's with the bold and brazen deception, obfuscation, or lie? 

Secondly, I've just about had it with the propaganda pre$$, their whoreporate reporters, and the fucking in$ults. Yup, we all a bunch of deadbeats out here, like mouthpieces mimicking government handouts. 

And third, it's like all of us slobs out here do not have rents, mortgages, food costs, transportation costs, or any other costs!

The budget office analysis found that the law, in effect, nudges workers to work less

Which I have been doing vis-a-vis posts here at the propaganda pre$$ monitor. Why would anyone want to continue to read this insulting elitist rubbish?

The insurance expansion reduces the need for people to take a full-time job just to get coverage. The premium subsidies effectively bolster household income

Except there are no subsidies yet; that part of the website is still broken. Government will tell you just pay the full fee up front and then they will get back to your appeal.

Higher taxes for richer households also reduce the incentive to work

Yeah, right, we are all going to sponge off the wealthy who have apparently been hoarding ca$h.

Related: What to Expect for the 2014 Elections 

As if the rich ever had to worry about taxes, huh?

But it will also have an effect on businesses, the report said, including by encouraging them to reduce employee hours to avoid the “employer mandate.” The overall demand for labor would not change, in other words, but businesses might arrange their workers’ schedules differently to avoid having to provide them with health care."  

Oh, that only rates a paragraph halfway through the story (in the hopes you will miss it?)! 

So it is NOT going to be a CHOICE at all, NOR will the CHOICE to REDUCE HOURS WORKED by the WORKER result in HEALTHCARE! 

"Target Corp. says it will no longer be offering health care coverage for its part-time workers. The discounter is citing new options now available through health care exchanges under the Affordable Care Act. Other large employers including UPS are scaling back health coverage by dropping spouses from their employee plans if they are able to get insurance through another employer."

Good luck with Obummercare, folks, and don't shop at Target!

"Health law projected to put dent in workforce; GOP calls analysis proof of act’s failings" by Annie Lowrey and Jonathan Weisman |  New York Times, February 05, 2014

WASHINGTON — A Congressional Budget Office analysis released Tuesday predicted that the Affordable Care Act would shrink the workforce by the equivalent of more than 2 million full-time positions, providing Republican opponents fresh lines of attack in the political debate over the health care law and putting Democrats on the defensive.

Globe can't even get through a paragraph without introducing the divisive narrative of partisanship in this case. Who cares if the in$urance indu$try bill is a total piece of $hit? 

One paragraph in and I'm already feeling sick.

The nonpartisan budget office’s analysis, part of a regular update to its budget projections, was far more complicated than the Republican attack lines it generated. Congressional Republican leaders called the findings “devastating,” “terrible,” and proof that the health care law was a job killer.

It was intended as such. Wake up, folks. It's been corporate governance for decades now. Hello!

The report did say that the law would reduce hours worked and full-time employment but not because of a crippling impact on private-sector job creation. With the expansion of insurance coverage, the budget office predicted, more people will choose not to work, and others will choose to work fewer hours than they might have otherwise to obtain employer-provided insurance....

Yeah, the companies have nothing to do with it. 

Related: 

"Aside from money worries, there is a more basic reason many boomers continue working: because they want to, and, perhaps more important, because they can. In a quarterly report released in October, UBS Wealth Management Americas said most investors don’t feel “old” until they turn 80, up from 60 during their parents’ generation."

Look who they behave laughing in your face! It's almost time for me to retire from reading the Boston Globe. This literally $ucks.

I guess this is the kind of insulting shit insular elites and the organs of a mouthpiece need to say and do to comfort themselves. All investors are boomers, huh?  I suppose wouldn't feel old pushing papers and making stock calls, either. That ain't real work. 

Neither is this:

The report “rightfully says that people shouldn’t have job lock,” said Senator Harry Reid of Nevada, the Democratic leader. “We live in a country where we should be free agents. People can do what they want.”

Time to give him his release papers then! 

As for me, I'd love to be locked into a job right now. What an arrogant a$$hole!

“Republicans talk about losing millions of jobs. That simply isn’t true,” Reid said.

Neither is anything you say, you f***!!

But Republicans, even those versed in the nuances of the budget reports, did not hold back.

Oh, we got NUANCE now!! We rate going to get into SEMANTICS now!

Senator Roy Blunt of Missouri, a member of the Republican leadership, acknowledged the administration’s position — that the coming decline in the workforce could be the result of workers’ choosing different career paths. But, he noted, the budget office had previously projected a far smaller impact.

“No matter how you calculate this number or how the administration tries to explain it away, it’s about 2½ times as high as the number was when they looked at it the first time,” Blunt said. “They can say anything they want, but this number is a lot worse than anybody thought.”

Republicans seized on the report as evidence of the health care law’s adverse effect on the economy.

“For years, Republicans have said that the president’s health care law creates uncertainty for small businesses, hurts take-home pay, and makes it harder to invest in new workers,” Speaker John A. Boehner said. “The middle class is getting squeezed in this economy, and this CBO report confirms that Obamacare is making it worse.”

No nuance needed. I think Boehner is (literally) a prick, but he's right!

Democrats clearly understood the political damage the report could have. Senator Jeanne Shaheen, a Democrat facing a tough political environment for her reelection bid in New Hampshire, told reporters, “You guys are going to politicize it no matter what happens.”

Senator Joe Manchin III, Democrat of West Virginia, who has embraced a number of bills to tweak the health care law, called disappointing enrollment figures and workforce declines the law’s “Waterloo.”

“Pretty soon the numbers don’t line up and the math doesn’t equal out, and you have to make some adjustments,” he said. “You do it every day in your life. The government’s got to do it.”

Say goodbye to the Senate, Democraps.

The budget office analysis found that the law, in effect, nudges workers to work less. The insurance expansion reduces the need for people to take a full-time job just to get coverage. The premium subsidies effectively bolster household income. Higher taxes for richer households also reduce the incentive to work.

But it will also have an effect on businesses, the report said, including by encouraging them to reduce employee hours to avoid the “employer mandate.” The overall demand for labor would not change, in other words, but businesses might arrange their workers’ schedules differently to avoid having to provide them with health care.

The report stressed that there seemed to be no effect on part-time employment yet; the law’s penalties on businesses that fail to provide insurance for workers do not hit until 2015.

The White House pushed back against the Republican attacks, arguing for the nuance contained in the budget office report.

The out-of-touch a$$holes don't know how such things anger people, do they?

“Claims that the Affordable Care Act hurts jobs are simply belied by the facts,” said White House press secretary Jay Carney. “The report itself says that there is ‘no compelling evidence that part-time employment has increased as a result of the ACA.’ ”

We no longer listen to this lying White House, sorry. Must be a qualification needed to be pre$$ secretary.

The budget office also estimated that about 1 million fewer Americans than expected will receive health insurance coverage in 2014 through the marketplaces established by the Affordable Care Act, primarily because of the troubled rollout of the exchanges. It also revised its estimates of the number of people receiving coverage through Medicaid and Children’s Health Insurance Plan coverage, lowering it by about 1 million.

The budget office now estimates that 6 million Americans will enroll through the exchanges in their first year, rather than 7 million; and that expanded Medicaid and other public programs will enroll 8 million Americans, rather than 9 million. But the long-term effect of the problems with the rollout remains unclear, the budget office said, declining to alter its coverage projections for later years.

“Over time, more people are expected to respond to the new coverage options, so enrollment is projected to increase sharply in 2015 and 2016,” it said. It estimates that as of 2017, about 25 million Americans will obtain coverage on the exchanges.

I ready to f***ing wretch, folks!

The news in the report is not all bad for Democrats.

At this point WHO CARES how it effects FLAK POLITICAL PARTIES and their shit-show fooley!?!!!!!!

The office also sees the budget deficit falling to $514 billion in the 2014 fiscal year, or about 3 percent of economic output, from $1.4 trillion in 2009. Many economists consider deficits of that size to be sustainable in the long term.

They are not the ones paying it.

--more--"

It's a wet hanky today, too:

"A worldwide market slump gains traction" by Nathaniel Popper |  New York Times, January 25, 2014

NEW YORK — The ascent of developing countries over the last decade has been fueled by two global trends: the steady rise of China and the willingness of the Federal Reserve to stimulate the economy.

Now, with both trends starting to retreat, investors have been heading for the exits in markets as far removed as Buenos Aires, Istanbul, and Beijing, with effects spilling over into the rest of the world.

A decline this week picked up speed and spread around the globe Friday, leading to the first sustained drop in US stock indexes in 2014. The Standard & Poor’s 500 stock index fell 2.1 percent Friday, to end its worst week since June 2012.

But the damage is expected to be worse in places that have relied on demand for raw resources in China, whose economic advance is slowing. An index of Chinese manufacturing growth released Thursday showed that the most important cog in the country’s economy, the world’s second-largest, was contracting for the first time in six months.

The damage has been particularly severe in countries that are already suffering from political instability, like Turkey and Argentina....

Hopefully I will get back around to those nations again soon.

The concerns about developing economies are being heightened by the Fed’s recent decision to begin pulling back on the bond-buying stimulus programs that have helped keep interest rates low around the world. Now, many countries that had come to rely on those low rates could face a surge in borrowing costs and a period of painful readjustment. Many emerging countries could also be hurt if investors choose to pull their money to chase returns in the United States and Europe.

“A lot of these currencies are getting trashed and people’s standards of living are going down,” said Michael Purves, the chief global strategist at Weeden & Co. “There is a potential for social unrest to accelerate.”

Not everyones!

The slump this week was the first serious break in a long stock market rally that took the broad US stock market up nearly 30 percent last year, fueled by signs of an economic recovery. The extent of the rise had led many sophisticated investors to expect some kind of pullback.

“This is a convenient and healthy short-term pullback,” said David Lafferty, the chief market strategist for Natixis Global Asset Management. “The market really needs some time to digest last year’s gains.”

See if you can digest some of these:

"BP PLC’s fourth-quarter profit fell 30 percent as the asset sales that it has pursued to compensate victims of the Gulf of Mexico oil disaster reduced production. The company said Tuesday that net income slid to $1.04 billion from $1.49 billion in the year-ago quarter."

"Oil giant Exxon Mobil Corp. reported lower-than-expected quarterly profit as it failed to offset declining production with fresh reserves. For the fourth period, Irving, Texas-based Exxon posted net income of $8.35 billion"

"Comcast earnings increase 26% Net income in the three months through December rose 26 percent to $1.91 billion"

"For the quarter, Viacom reported a profit of $547 million. Revenue dipped; Philippe Dauman, Viacom’s chief executive, cited “ongoing financial discipline” as a reason for the improved profits. Sumner Redstone’s Dedham-based company, National Amusements Inc., owns a controlling stake in Viacom." 

Also see:  Netflix’s profit increases sixfold in a year

"Google has performed below analysts’ expectations more often than not in the past two years and did so again in the fourth quarter, despite showing strong revenue and profit. The company reported fourth-quarter revenue of $16.86 billion, an increase of 17 percent over the year-ago quarter. Net revenue, which excludes payments to the company’s advertising partners, was $13.55 billion, up from $11.34 billion. Net income rose 17 percent to $3.38 billion, or $9.90 a share. Excluding the cost of stock options and the related tax benefits, Google’s profit was $12.01 a share. The fourth quarter is generally Google’s strongest because it makes money from retail advertisers during the holiday shopping season."

"Microsoft Corp. reported revenue and earnings for its fiscal second quarter that topped Wall Street expectations. Net income in the quarter through December climbed to $6.56 billion."

"Apple Inc. reported quarterly iPhone sales that trailed analysts’ estimates, even after debuting new models for the holiday shopping season. Profit was $13.1 billion, or $14.50 a share, for the quarter ended Dec. 28. The holiday results indicate that demand may be ebbing for new iPhone models — Apple’s primary source of revenue — as competitors crowd in with new smartphone and tablet offerings. The numbers are highly anticipated by Apple’s investors because the end-of-year shopping season is usually the company’s most lucrative period. Chief executive Tim Cook is under pressure to boost financial results that have stagnated without the introduction of an entirely new product since the iPad’s debut in 2010. In its last fiscal year, the company posted its first annual profit decline in at least a decade."

Also seePressure mounting for Apple to expand

An Apple a Day the Globe Way

Better stop eating because if I expand anymore I'm going to explode.

In the rest of the world, the damage so far is less severe than it was during similar turmoil in emerging markets last summer, when the Fed first talked about easing its bond-buying programs. Most markets ended up bouncing back from that episode. But there is a growing recognition that the developing world will not be the engine of growth that it has been for much of the last decade.

Meaning people living in poverty in those parts of the world will be pushed into further poverty as the global investor cleans up again!

In China, the economy is still growing faster than almost anywhere else, but the pace is slowing and the government is intent on developing an economy that is less intent on exporting goods. This is weighing on everything from the soybean industry in Brazil to the nickel mines of Mozambique.

Economists are carefully watching the United States for any signs that it is vulnerable to the weakness overseas or that the economic recovery is slowing independently. The most recent monthly employment report showed a sharp slowdown in job creation for the first time in months and data this week showed that home sales came in slightly lower than expected.

But the main US indexes are still within a few percent of their record highs....

You know, the S&P 500, the Dow Jones, the Nasdaq.

And they are whining it's a bad year already.

An array of US economic data has continued to point to an economic recovery that is gaining strength and could actually benefit if investors are looking for somewhere to put money that was previously in developing countries....

I'm sick of that $hit narrative, sorry.

--more--"

"A bull-market year ends; a hazier one begins; Gains like 2013’s unlikely to be repeated, but hope abounds" by Jay Fitzgerald |  Globe Correspondent, January 01, 2014

The roaring stock market of 2013 produced widespread gains....

"A strong stock market and better business climate have continued to concentrate American wealth in the top 1 percent of earners"

Yeah, it's great if you are in the upper 5%.

"Young Americans from low-income families are as likely to move into the ranks of the affluent today as those born in the 1970s, according to a report by several top academic experts on inequality. The study, published this week by the National Bureau of Economic Research, runs counter to the widespread belief that a widening gap between rich and poor has made it harder to climb the economic ladder." 

I suppose they think we will lap up any plate of $hit they serve without question, huh? Yup,m the numbers don't mean anything; now it is just a belief!

Related: Globe Gave Me Touch of Affluenza

What stinking elitist scum!

"President Obama says $750 million in new private-business commitments will help ‘‘close the technology gap’’ in America’s schools. Obama announced the new funding Tuesday at a Maryland middle school. The money will be used to provide high-speed Internet access, hardware, and software to more students. The White House hopes the pledges will help fulfill a goal Obama set last summer to have 99 percent of students in schools wired at high speeds within five years. The president says access to the Internet will help American children compete with students from around the world. The initiative also builds on Obama’s focus for 2014 on helping more Americans join and stay in the middle class amid an economic recovery in which the benefits have come more quickly for those at the top of the income scale." 

Uh, they have been the ONLY ONES TO BENEFIT, you pos propagandist!

RelatedState of the Union Set the Tone For 2014 Elections

You can feast on some more bulls*** if you want.

Jim Swanson, chief investment strategist at Boston-based MFS Investment Management, said, “It’s going to be a decent year. We’re not seeing a recession out there.”

You didn't the last time either, a$$hole!!!!! Were telling us everything was great!

Swanson ticked off all the good trends that he said occurred over the past year and could continue through 2014: company earnings that rose faster than the markets, low corporate and consumer debt, and the absence of rapid credit expansion, which, he says, often precedes trouble....

A LIST of LIES!

But not everyone is buying that somewhat rosy outlook. Others say the economy and stock market have been propped up too long by Federal Reserve policies that they see as causing monetary and market bubbles that can only lead to trouble. 

But the whoreporate pre$$ and banker's mouthpiece never listen to them.

Among other things, market skeptics point out that the Fed has been buying up mortgage and Treasury securities at the pace of about $85 billion a month, while keeping short-term interest rates at or near zero percent for years.

And as they taper off the market takes a hit! These are things I've been SAYING FOR YEARS!!

Encouraged by data showing an expanding economy and slowly falling unemployment, the Fed recently said it will gradually reduce and eventually eliminate its massive bond purchases. But it plans to keep short-term interest rates at the current low levels for at least a few more years.

Because they are no longer being counted, folks!

To the Fed’s critics, the slow phase-out of policies designed to stimulate the economy really doesn’t matter. They believe the damage has already been done.

“I certainly don’t think the recent market performance reflects economic fundamentals,” said Lou Harvey, president of Dalbar Inc., a Boston financial research firm. “I think it’s all a reaction to the Fed effectively printing money. A blind monkey could have made money in this market.”

Anyone can when the FED is HANDING YOU MONEY! 

Globe started the year on a good foot with some truth. Must have been because no one would read this on new Year's Day, what with the long weekend and hangover and all.

Harvey declined to predict how the economy and markets might fare in 2014. “It’s really a wild and crazy guess when this is going to end — or exactly how this will end,” he said. “We’re in new territory here.” 

I say COLLAPSE like all PONZI SCHEMES.

But John P. Hussman, a high-profile stock market bear and head of the Maryland-based Hussman Funds, recently wrote that it was “plausible” for the S&P 500 to lose 40 to 50 percent relatively soon.

Market forecasters who fall somewhere between the optimists and pessimists see 2014 as a key year to make a transition away from....

Time for me to tran$ition away from the Boston Globe. 

--more--"

Related:

"Bernanke defended the central bank against critics who say the Fed’s massive bond purchases have had little effect on jump-starting the recovery. ‘‘Economic growth might well have been considerably weaker, or even negative, without substantial monetary policy support,’’ Bernanke said. He noted economic research that supported the benefits of the Fed’s bond purchases. In response to an audience question, Bernanke criticized legislation pending in Congress that would allow the Government Accountability Office to expand its audits of the Fed to look at decisions on interest rates. The GAO, the auditing arm of Congress, can currently conduct audits of the Fed. But it is prohibited from investigating its interest rate decisions."

Makes you want to cry, doesn't it?

Stocks rise on Wall Street after 3 days of losses

Snapshot: Bargain hunting lifts stocks after a fall

Happy days are here again!

"Strong earnings can’t calm investors" by Jonathan Fahey |  Associated Press, February 05, 2014

NEW YORK — Investors to corporate America: Meh.

US companies are reporting strong profits for the fourth quarter of last year. But most are failing to impress investors who were hoping for even better numbers or rosier outlooks....

Look at the ILLNE$$ of GREED in blue and red, readers!

‘‘Earnings season is going quite well,’’ said Christine Short, a senior manager at the research firm S&P Capital IQ. ‘‘But what we’re seeing in earnings season is not what we are seeing in the market.’’

With results in from half of the companies in the Standard & Poor’s 500 index, fourth-quarter earnings are up a respectable 7.3 percent, making it the best quarter of 2013, according to S&P Capital IQ....

And it is STILL NOT ENOUGH?

It’s just not enough for investors....

Unrea$onable a$$holes!!!!!!

Stocks rose almost unchecked in 2013, posting their highest gains since 1997.

And they are still f***ing unhappy. 

Time to eat the rich!!!

Because stock prices rose so high, that has investors on alert for any bad news. The slowdown of stimulus from the Federal Reserve, currency problems in emerging markets such as Argentina and Turkey, and slowing growth in China have served to ratchet up the worry.

Stocks fell Monday after a manufacturing survey showed weaker factory activity growth than expected and the Commerce Department reported that construction spending rose only modestly in December, slowing from more robust gains a month earlier.

Waaaah!

‘‘The market has the jitters,’’ said Quincy Krosby, market strategist at Prudential Financial.

So, when companies share financial news that is less than terrific, shares get hammered....

Who gives a f*** about stock shares?

Last week, Amazon posted higher revenue and profit, but it failed to meet analysts’ expectations. It predicted revenue of $18.2 billion to $19.9 billion for the first quarter — not strong enough for analysts who all had forecast $19 billion or higher, according to FactSet. Shares are down 14 percent since Friday.

Related: Amazon earned $239 million in the October-December period

Apple beat Wall Street expectations for profit and revenue, but iPhone sales fell 3 million short of expectations — despite hitting a record 51 million. Also, the company cautioned that its revenue growth would soon slow. That led to an 8 percent drop in Apple’s stock.

Investors seemed to latch on to even minor blemishes. General Electric’s profit margin from industrial operations improved by 0.66 percent, barely missing its target of 0.7 percent. Still, shares are down 11 percent since it reported results Jan. 17.

"General Electric Co. posted increased revenue and profit for the fourth quarter on rising sales in emerging markets, higher banking profit, and stronger global sales of aircraft engines and oil and gas drilling equipment. GE reported net income rose 5 percent to $4.2 billion for the October-December period. For the year, GE net income rose 3 percent to $14.06 billion"

And they didn't have to pay taxes on a dime! In fact, they received a taxpayer refund!

‘‘The market is punishing those that don’t deliver,’’ said Krosby.

How can making billions in profit be not delivering? Just not enough, huh?

On the other hand, companies that have posted strong results and outlooks for 2014 have been bid up, but investors are concerned that this isn’t quite enough to justify stocks’ high prices at a time when the Fed decision to slow its stimulus program is making cash a little less easy to come by. Less cash in the system means less cash for investors to buy stocks with....

It's just like poker chips, isn't it, for that great and grand casino called the stock market! 

So that is where the $85 billion a month and trillions overall went!

--more--"

It's all Yummy out here, yup!

US consumers’ outlook brightens

75% off sales will do that -- if we had money, that is.

A side job can provide extra cash, more security

Where is there work?

"Walmart Stores Inc. said it is eliminating 2,300 workers at its Sam’s Club division as it reduces the ranks of middle managers in a bid to be more nimble. They also follow layoffs announced by several other major retailers in recent weeks that include Macy’s Inc., J.C. Penney, and Target Corp."

Also seeJ.C. Penney drops on lackluster results

So much for the second job.

"US employers advertised more jobs in November and more Americans quit, positive signs for millions who are unemployed and looking for work. More job openings and quits suggest greater opportunities for the unemployed. But those positive trends haven’t recently translated into additional hiring. The figures also follow a disappointing report on December job growth." 

They haven't translated into any at all!

"The labor market continues to strengthen as more Americans left the workforce."  

Yeah, the fact that your are not counted anymore makes government and the numbers look good!
A job for a machine

Increased prosperity and equality, the same lie being told for centuries by bu$ine$$. 

Yeah, Time to leave and go home (ha-ha-ha-ha-ha-ha!!).

"Boston foreclosure activity plummets; Fewer than 100 homes taken in 2013; reflects housing market rebound" by Deirdre Fernandes |  Globe Staff, January 01, 2014

“I think the worst is over,” said Sheila A. Dillon, director of the city’s Department of Neighborhood Development....

But some neighborhoods are still experiencing a hangover from the housing bust, said Tim Davis, an independent consultant who monitors foreclosures for the Massachusetts Housing Partnership, an affordable housing nonprofit. Home prices in neighborhoods such as Dorchester, Mattapan, Hyde Park, and Roxbury haven’t recovered as robustly, and foreclosure deeds and petitions continue to be concentrated in those communities.

Foreclosure activity may also increase in the new year, Davis said.

Banks had held off taking back homes as states and the federal government changed regulations for the foreclosure process. In Massachusetts, those rules require lenders to notify homeowners that they have a right to seek a loan modification before losing their home.

I'm tired of the banker's mouthpiece version of all this, sorry.

Lenders are being more diligent with their paperwork, which has also slowed the foreclosure process, Davis said.

Yeah, the fraudulent foreclosure theft of people's homes doesn't really merit a mention in this polished up turd.

But several large banks have started to increase foreclosures, he said, although it is nowhere near the pace that followed the housing bust.

When they were seizing properties so they would have real assets and not paper crap backing up their reserves. 

In addition, Davis said, the improving economy and rising home prices should mean that the market can absorb the foreclosures so homes don’t sit empty, blighting neighborhoods.

That's why the Fed and banks are holding them off the market if not destroying them.

--more--"

Related:

"Housing was one of the strongest sectors of the recovery in the first half of 2013, but it hit a lull during the summer, when mortgage rates jumped on indications the Federal Reserve might start reducing the bond purchases it was making to keep long-term interest rates low. But analysts are looking for housing to regain some of its lost momentum as the industry enters the all-important spring buying season. Analysts expect that continued improvements in the labor market will boost incomes and that will lead to stronger demand for homes." 

Is it $elf-internalized delusion or just pure shit shoveling? 

Also see: 

Housing recovery gathers momentum in Boston area

Where are Mass. home sales going in 2014?

Up, up, up!

Mass. job growth best since 2000

Except for the September-October period when taxes were scheduled to be lowered. Then we were told the numbers didn't justify... and afterward, await went the economy again! It's $ure $oaring for $ome in Ma$$achu$etts.

Mass. jobless rate higher than US for first time since ’07

That is NOT what the GRAPH showed! 

What's with the BIG GAP at the END of 2013 (subject to revision, of course) and the DECEPTION, Globe?

And I'm going to need a fresh hanky, sob.