The Distressing news about “Distressed” U.S. properties

There are two reasons that the level of “journalism” in Western media is abysmally poor. The first reason is that thanks to the corporate take-over of virtually all news networks and major, news publications we are now being subjected to the Western equivalent of Pravda. What doesn’t suit the corporate “agenda” is down-played, if not filtered out altogether.

The second reason why we receive poor coverage of news events or data-releases is because apparently there are few people who can both write and make some elementary deductions with numbers. There was shocking news in the U.S. “existing home sales” numbers released on Monday – and no one noticed.

The corporate media attempted to generate some enthusiasm from an anemic, upward tick in “existing home sales” (which was below modest expectations) – to an annual level of roughly 4.8 million units. What was mentioned right after this is that the percentage of “distressed properties” only made up 33% of total sales. This was supposed to be “good news”, according to the talking-heads.