Patients’ hospital expenses have nearly doubled in the past decade. So, too, has the price of college textbooks. And gas prices have more than doubled, while prices of fuel oil and other fuels for home use have climbed a whopping 145%.
What if housing valuations are in a structural, multi-decade decline?
A strong case can be made that the fundamental supports of the housing market– demographics, employment, creditworthiness and income–will not recover for a generation. I…
Rob Arnott says we’re in the worst depression since the Great Depression and the Fed may be making things worse. Arnott, who oversees $80 billion at Research Affiliates, tells King World News:
When real interest rates are 2%-4% and inflation rates …
Monday, the White House proposed a new tax bracket for millionaires and billionaires, part of a $4.4 trillion proposal to rein in the country’s debt. Republicans such as Rep. Paul Ryan have called the proposal “class warfare,” but Obama defends it as o…
Here’s all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012—-3 ½ years into the “recovery”—and has decided it cannot do anything abo…
Wednesday, June 15, 2011
Misc: Empire State Survey indicates contraction, Inflation rate lower, French Bank Rating Reviewed
by CalculatedRisk on 6/15/2011 08:30:00 AM
• From the NY Fed: Empire State Manufacturing Survey
The Empire State Manufact…
Numbers don’t lie, but they can cheat. Experts say the average cost of tuition, room and board, and general fees is $16,140 for a public four-year university and $36,993 at a private school. Meanwhile, the average student debt graduates with $24…
Here’s where we see the Con taking shape. The ideal setup for risk-free returns is to own Treasurys that pay a high yield. The way to get higher interest rates is to first make the Treasury market supremely dependent on a central bank or single buyer…
How can the dastard mention silver & junk bonds in the same sentence?
And what might “Peak Interventionist Economics” imply?
PIVOTAL EVENTS – MAR 23, 2011 Signs Of The Times Bob Hoye Institutional Advisors Mar 24, 2011 The following is part o…
A Fed governor recently tried to explain to an audience of ordinary citizens how the government figured the “core” inflation rate. The lumpen didn’t go for it at all. They heckled the poor man. “When was the last time you went to the superma…
