Relevant and even prescient commentary on news, politics and the economy.

As mortgage rates remain rangebound, so do new home sales

 – by New Deal democrat Let’s begin this post by putting why I am watching new home sales in context. The economy was kept out of recession last year, despite aggressive Fed rate hikes, in large part by commodity price deflation, much or most of which was triggered by the un-kinking of supply chains after […]

More Caution and Skepticism About Federal Mortgage “Investigation”

Yves Smith continues to follow the progress of investigations in  More Caution and Skepticism About Federal Mortgage “Investigation” While a large number of “liberal” groups, ranging from the official Democratic party outlets (the Center for American Progress) to ones that sometimes cross swords with the Administration (MoveOn, the Working Families Party) praised the Tuesday evening […]