Today's report on the sale of newly constructed homes tells us that the real estate recovery continues unabated. Sales rose 2.3% in April to an annual rate of 454,000, a number about 29% higher than this time last year. That's not earth shattering in the context of the peaks we saw during the bubble years, [more…]
I missed this earlier, but here's an interesting statement - part of an interview in early May given by John Boehner on Bloomberg TV:
"We have spent more than what we have brought into this government for 55 of the last 60 years. There’s no business in America that could survive like this. No household [more…]
Paul Krugman this morning hammers away at hedge fund managers who, by and large, are complaining about Fed monetary policy, and especially its so-called quantitative easing. The managers are all predicting doom and hyperinflation because of the ongoing ease of Fed policy. It might also have to do with those low interest rates making it [more…]
The State Of Economics: Krugman Is Wrong
May 16, 2013
Paul Krugman this morning hammers away at hedge fund managers who, by and large, are complaining about Fed monetary policy, and especially its so-called quantitative easing. The managers are all predicting doom and hyperinflation because of the ongoing ease of Fed policy. It might also have to do with those low interest rates making it [more…]