BOSTON (MarketWatch) — Five short years ago, many learned men and women warned Americans against thinking that rising home prices would eliminate or lessen the need for them to save for retirement. Institutions and advisers alike advised people ag…
Correspondent E.M. describes the true scope of the financial disaster that is housing.
Correspondent E.M. responded to $6.5 Trillion Lost, One House at a Time with this succinct account of housing’s role in declining household wealth. E.M. is not …
The Fed can expand its balance sheet all it wants, but if the private sector can’t or won’t create credit, it can’t inflate, despite its best intentions…
1) For the first time in history total bank credit has fallen; adjusted for the onboardin…
A strong upturn in foreign central bank (FCB) cyclical buying of US Treasuries made up for ongoing weakness in commercial bank market participation to propel…
Can Americans cope with a 10 to 15 year bear market in real estate? On this front I have good news, and bad news.
The bad news is that we are likely to face at least a 10 year bear market in real estate thanks to a lost decade in household income…
The indirect bid at this week’s bill auctions ominously weak, in spite of reduction of 4 week bill to $34 billion from $40 billion, and…
After taking 3 of 4 days off between March 10 and March 15 the Fed resumed daily pumping last week, and is scheduled to continue…
The dire comments that I made in the introductory summary of the last report have only been amplified by this week’s data. The new data…
With both the Fed and FCBs buying longer Treasury paper the best they could do was to keep yields from rising. Everybody else it seems…
I’ve always wanted to use that as a headline. Now I legitimately can.