Everyone has been wondering just how strong or sustainable the recovery has been. The GDP number and this new report on manufacturing suggests the comeback may be stronger than recently assumed. Then this:
The National Association of Realtors' index for pending sales of previously owned homes surged 6.1% to 110.1 in September from 103.8 in August, the industry group said Monday. The increase marks the eighth consecutive rise in pending home sales. Analysts surveyed by Dow Jones Newswires had expected pending sales would rise by 0.7%.
I'm not an expert, but neither are the experts. What are the consequences of a much stronger recovery than many expected? Meep, meep.