NAR data for May confirms earlier data from CoreLogic, Dataquick, and Department of Numbers.com that housing prices continued to make new 12 month highs in May and that, contrary to the mainstream media portrayal, the housing rebound is not “uneven” or slowing in any way. Follow the money. Find the profits!Liquidity is money. Regardless of…
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Charles Hugh Smith, Contributors- Economic and Financial, Must Read
What is Wealth -Charles Hugh Smith
by Charles Hugh Smith • • 0 Comments
We all think we know what wealth is, but sometimes the “obvious” misses the mark.
Asking “what is wealth?” seems needless because we all know what wealth is: never having to work again, endless leisure, endless consumption of the “good th…
Bears Chat, Best of the Forums
Madoff Says Banks Were ‘Complicit’ in Fraud
by a Wall Street Examiner • • 0 Comments
BUTNER, N.C. — Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family.
In his first interview for publication since his arrest in December 2008, Mr. Madoff — look…
