I just wanted to quickly share a few telling charts regarding what is happening with the US economy over the last year, and especially over the last few months.
First is the number of new home sales.
New Home Sales - Holy Crap!
Second is retail sales:
Retail Sales
Finally, to see what a bubble really looks like, check out the Case-Schiller home price index, indicating the rise and decline of average home prices:
Average Home Prices - Your Federal Reserve at Work!
All these graphics come from one of my favorite blogs: Calculated Risk.
