Home Sales: Trees, meet Forest

I'm kind of busy right now, so blog posts will be a little shorter and further between.

The Insider counts the reported drop in new home sales to mean that Google will suffer. They haven't drawn a clear line from A to Z, but whatever.

Brad De Long puts up a graph putting this decline in perspective.

What does it mean? I don't know. But that's kinda the point.

Interestingly, I think Blodget believes that the decline in new home sales means there will be a recession that will impact consumer spending and thus the companies that market to them who will respond by cutting online advertising spend. While this is a rather long train of speculation to support, I'm personally more worried about the car immediately following the locomotive: that recession thing. That seems like a more interesting topic than Google's growth slowing from a gazillion percent a year to a bazillion percent a year.