by Mike Kimel Home Values: Delusional Buyers, Bank Squeezers and Zillow Via Barry Ritholtz, a link to a post at Time Moneyland post which led to a post at the Zillow blog: Zillow recently compared the asking price of 1 million for-sale homes with those homes’ previous purchase price, then factored in the change in […]
The latest Washington Post ABC poll has some dramatic results ” Even among Republicans, 58 percent see the GOP as too resistant to a deal, up from 42 percent in March. In the new poll, fully 50 percent of conservative Republicans and “strong” tea party supporters say the GOP leadership is too unwilling to make […]
I’m writing a few long posts—you’ve been warned—but that machine doesn’t have Internet access right now.* So I’m just going to point to Kash, who writes about something else: In looking at the data I was struck by how small (relatively) the worldwide market for gold really is. That means that relatively small inflows of […]
I had a post on the federal deficit talks and the speeches made to ‘resolve’ the political emergency, perhaps to turn into a fiscal emergency, and surely to further idealogy. But this picture was so much more accurate. (no attribution found)
It’s now two years after the end of the Great Recession, and the unemployment rate has ticked downward just 9 pps (percentage points) since its 10.1% peak. Pundits call this an expansion since GDP has fully retraced its recession losses; but the unemployment rate tells a very different story. (click to enlarge) The chart illustrates […]
Industrial production was reported to have increased 0.2% in June as compared to – 0.1% declines in April and May. The entire gain was in mining and utilities as manufacturing output was unchanged. The chart shows industrial production this cycle compared to other cycles. The old forecasting rule of thumb was that it took about […]
Not Scarcity, But Surplus is the Problem (Just as Dismal, though) by Noni Mausa, lifted from comments at Economist’s View They were discussing scarcity last week at Economist’s View. But to my mind scarcity isn’t our core problem. I wrote (and then edited a bit for this post): ======= Yes, scarcity of resources is fundamental […]
CBS Marketwatch Devalues their Brand. Kash views the carnage: Despite all the rhetoric and posturing we see in the media and in Washington D.C., it is safe to say categorically that the U.S. Treasury will not default on its debt after August 2nd, even if the debt ceiling is not raised. Not only will the […]
If Obama’s first term is a different thing than GW’s third term, why is Obama’s Secretary of Defense telling US troops that that they’re in Iraq because the US was attacked on September 11?