Is the light at the end of the tunnel an oncoming train bringing inflation down the tracks?
Marcelo is certainly right that the goings on in the housing market are exactly what needs to and should happen. Prices are falling and eventually they will fall to a market clearing price. Falling interest rates could also [...]
The Commerce Department released its monthly Housing report for August today. To no one’s surprise, it was a little bit negative, with US housing starts decreasing by 2.6%. Building permits also came in a little low, falling off by 5.9%. At first glance, the numbers seem pretty bad, but there’s a good in just about [...]
The US economy slowly limps forward, as the September 18th Federal Reserve meeting, a meeting where many hope and expect the Fed to cut rates, quickly approaches. The economic turmoil that has engulfed the markets is certainly giving the cause for a 0.25% or 0.5% cut a nice lift. And the economic reports released today [...]
The WSJ Economics blog has an interesting post about Joe Carson, Alliance Bernstein’s economist. He believes, as I do, that the US economy will not fall into recession. As evidence he cites some headlines:
Market Watch: Bracing For Mortgage Losses Despite Late Rally, Dow Ends A Bad Week Lower Shift To Capital Markets From Banks Brings [...]
