The New New Economy: While Facebook And Groupon Collapse, Look Whose Shares Are Surging

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)

image

Photo: Bloomberg

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.

housing recovery

Photo: Bloomberg

Who saw that coming?

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