With fundamentals having become totally irrelevant these days, economists are reassigned to tout stocks.
Housing Bubble 2: ballooning inventories of new single-family homes.
Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at.
Profit grows on trimmed trees, freshly painted walls, and rehabbed bathrooms, and flipping volume soars, and nothing can go wrong. Then something goes wrong.
This is what happens when otherwise competent, diligent, and hard-nosed bureaucrats fail to read my website.
“Here’s when US equity and bond markets will change direction: when investors come to fear the next Fed-talk.
HP still has 317,000 workers left; it won’t run out of people to fire anytime soon.
Over the long run (which is now), the math of that distortion just doesn’t work out.
You’d think the housing market is in fine shape, based on the sizzling optimism of our home builders.
The report – released on Friday when everyone was on vacation or getting ready to head out of town – was a zinger: US net capital outflows soared to $153.5 billion, the largest ever recorded.