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Economic and and financial news and analysis

House Prices Up in California

The latest evidence that a bottom of sorts is in for the housing market comes from California. Here’s the PR from the California Association of Realtors. Considering the source, you can take it with a grain of salt, but it’s entirely consistent with the national housing trends I’ve been tracking. LOS ANGELES (April 16) – California…

Subprime Student Slaves: The Lowlife Trap of Higher Education

And the strong to seem to get more
While the weak ones slave
Empty pockets don’t ever make the grade
Mama may have, and Papa may have
But God bless the child that’s got his own
That’s got his own.”

We can thank the late, great Billie Holiday for those lyrics. And we can thank our higher education system for giving “the child that don’t his own”a chance to get some.

Some debt, that is.

Students, many of them adults looking to gain new skills, are being systematically ripped off and enslaved by schools and lenders, blinding them with hope about what a higher education can do for them while bilking them for billions in the process.

It’s a dirty game, and a big one at that. You probably know, because you probably owe.

But wait.

First, let me offer some insights on the market before I get to my indictments…

Why the Doom and Gloom?

So far, so good…as far as earnings season, that is. Three quarters of companies reporting, so far, have beaten Street expectations. And 81% have offered up better than expected revenue forecasts for the future.

So… why all the doom and gloom?

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Stock Market Volatility: How to Beat the Market at its Own Game

Many investors are convinced the market is stacked against them. It is…. but not for the reasons you might think. Dismal returns actually have very little to do with super computers, research, insider information or access to the trading floor. The real issue comes down to something very simple – the difference between how individuals and professionals approach stock market volatility. Most investors head for the hills when volatility rises.
Successful traders, on the other hand, embrace it because they know stock market volatility represents an opportunity.

So Let’s Talk Major League Baseball Attendance

So I’ve been riding the Miami Marilyns’ fans about their lack of a sellout in their new glass palace in the middle of an inaccessible city neighborhood location with no subway access and no interstates nearby, and a parking situation from hell (Can you say garage parking for 5600 cars, and scattered offsite 6 blocks…

Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis

Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis

By William K. Black (Cross-posted from Benzinga.com) Presidential nominees of either U.S. party can secure economic advice from any economist in the world.  This makes it all the more amazing and sad that they choose economists with track records of … Continue reading

Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis