Printing, spending, borrowing, inflating, our path to health?
The FOMC said they are “prepared to provide additional accommodation if needed to support the economic recovery and to return...
FOMC Statement
Here is the annotated FOMC statement: Information received since the Federal Open Market Committee met in August indicates that the pace...
Job Change Post-Recessions
Nice chart comparing the post recession job recoveries going back to 1969, via NYT: “After the last recession ended –...
Housing Starts and Permits rise but mostly multi family
Aug Housing Starts totaled 598k annualized, almost 50k higher than expected and up from a revised 541k last month (from 546k). Permits...
Getting Lehman Profoundly Wrong (Right)
Vincent Reinhart gets the Lehman collapse precisely right at The American (a Journal of the American Enterprise Institute). Regular...
Prechter WTF Forecast: Dow 2,000
Prechter: Bulls Go to Extremes: Don’t Buy the “Breakout”, Sell It Prechter: My Charts Say DOW May Plummet To 2,000 ~~~...
Morning stuff
Aug Housing Starts totaled 598k annualized, almost 50k higher than expected and up from a revised 541k last month (from 546k). Permits...
Exploiting Bernanke
Frederick Sheehan is the co-author of Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve. His new book, Panderer for...
10 Things Making Me Nervous
A few weeks ago, we moved from an aggressive cash position (80+%) to about 50% long. We continue to find intriguing set ups and...