A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
Contracts for the sale of existing homes rose 15.1% month to month in February, according to data reported today by the real estate brokers lobbying organization. Sales were 14% above the level of February 2011, continuing the rebound in housing market sales. To keep this in perspective the number remains down 37% from the...
Read More »
“We got a time bomb; we got a red alert; tick, tick, tick.” - Beck
The EU looks set for another big intervention to both arrange lending for the insolvent, and to throw a curve ball at the speculators, who have set themselves up as severely offside. French President Sarkozy laid down the gauntlet. “We will...
Read More »
Although the economy is slowly healing towards the natural, the Fed apparently has little patience for that, and instead has thrown down the gauntlet for some extremely irresponsible helicopter drops. Is this a bluff, or a contingency? It is best not to wait and see I fear, as it may then be too late.
Everybody is a Keynesian now. The stimulus seems to run the gauntlet. First the outgoing Bush administration is raiding the Treasury fast and furious to subsidize and pad various financial institutions and Pig Men. The tenor of the deals is not at all taxpayer friendly, and the details and amounts can be tracked here....
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Recent Comments