The number of scientist questioning the thesis that CO2 is the cause of global warming continues to grow. Considering the economic consequences of the plans for reducing CO2 emissions, it is time we had a serious debate about this. Up until now, the debate has been one sided and anyone who dared to question the [...]
The US housing market continued its downward slide into June, as resales of homes and condos fell 2.6% for the month. Sales fell from a seasonally adjusted annualized rate of 4.98 million in May to 4.86 million in June. It is at its lowest level in 10 years. The number was well below expectations, as [...]
The number of people filing for first time unemployment benefits rose sharply in the week ending July 19th, according to the US Department of Labor. Claims jumped 34,000, to 406,000, way above expectations. Economists were expecting 380,000 new claims for the week. Today’s reading is the highest reading since late March.
Having witnessed extremely volatile measurements [...]
The House of Representatives passed the The American Housing and Foreclosure Prevention Act and President Bush will apparently sign it into law. Congratulations, taxpayer! You’ve just been stuck with the bill for bailing out not only “homeowners” who bought something they couldn’t afford, but also the institutions that loaned them the money to make the [...]
