And here’s the New New Economy in one chart.
Via Bloomberg, it’s a 3 month chart of Facebook (the green line), Groupon (the yellowish line), the homebuilder ETF (the orange line) and paint company Sherwin Williams (the dark orange line)
The hot buzz in the economy is not about social networking. It’s about housing and painting houses and remodeling houses (Home Depot is on a monster run).
To wit, here’s a chart of mentions of the word “Housing Recovery” in news articles over the last several years.
Who saw that coming?