As if it were not strange enough! Microsoft bought a phone company with no phones for $8.5 billion. Then, the public bid up the price of another Internet company, LinkedIn, to the point where buyers were paying more than $20 for every dollar of rev…
To hear the papers tell it, US stocks are being weighed down by troubles in Europe.
….snip…..
Yeah. The problems are all in Europe. If it weren’t for the Greeks, and Italians, and Spaniards…it would be clear sailing here in the US.
But t…
Of the many asset classes to be victimized by the end of cheap energy, residential real estate is perhaps the most vulnerable. A call option on future wage growth, and, leveraged to our liquid-fuel based transport system, housing in North America is…
The U.S. housing market is going through an adjustment of historic proportions. Before 2006, when the housing slump commenced, American home builders regularly built as many as 2 million new houses annually, rarely less than a million. This amount w…
Last October, when everyone was jubilant about the housing “recovery,” Gary Shilling of A. Gary Shilling & Co., predicted that house prices would fall another 20%.
In the five months since, house prices have resumed their decline.
In his most …
A clear and direct relationship has existed between employment and house prices in the US over the past 9 years. In order for housing prices…
Listing prices posted a second month of gains in April. This appears to be seasonal. Housing demand correlates directly with employment and the economy gained…
The TBAC (Treasury Borrowing Advisory Committee), consisting of representatives of the Primary Dealers, gives a quarterly report to the Treasury in which it discusses the…
From The Economist….
PESSIMISM about the United States rarely pays off in the long run. Time and again, when Americans have felt particularly glum, their economy has been on the brink of a revival. Think of Jimmy Carter’s cardigan-clad gloom in…
Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down. …