Interest Rate Mania

by on October 29, 2015

People keep asking me about interest rates. I wish they would stop. The question always make me feel like mimicking Eugene Fama: rates are rates. [more…]

Spanish Triumph?

by on August 10, 2015

It's all a bit annoying. Really. I have just read the Economist's article about Spain. The article is titled "Back on its feet".

Such a [more…]

Jeb? Not Jeb!

by on June 16, 2015

Oh no!

With the big boys and girl now officially in the presidential race we are all going to suffer from political pablum for the [more…]

The Fed Acts

by on September 13, 2012

Well it had to sometime. No one else is doing anything.

Only a few days ago I expressed a certain dismay that Ben Bernanke said [more…]

Bernanke Confuses

by on August 31, 2012

OK. Now I get it. The key qualification for any aspiring Chairman of the Federal Reserve Board goes as follows:

Give a long awaited speech [more…]

More Mixed Messages

by on August 28, 2012

Today's report from Case-Shiller suggests the housing market is recovering. Finally. The latest figures are for June and show a second straight month of price [more…]

It’s The Wages Stupid

by on July 25, 2012

Such is the breadth and depth of the Romneyfication of our economy that otherwise sensible people make silly faux pas or repeat false thinking without [more…]

Weak Sales

by on July 16, 2012

The economy has clearly hit a weak patch. Today's report on retail sales has them falling 0.5% in June. Not only is this much worse [more…]

Housing Vagaries

by on May 30, 2012

My last post was headlined "Housing Climbing Back".

Oh well.

So much for that.

Today we learned that pending home sales fell for the first [more…]

Housing Climbing Back

by on May 22, 2012

I would be remiss if I passed on making a quick comment regarding real estate. The steady climb back continues.

This is not a rapid [more…]