If Chairman Bernanke’s best efforts have greened (i.e., to make or become green) the shoots of economic recovery, what would cause him to cede his current position, stand up, and leave?
It would be unusual for a successful sitting Fed Chair to leave after one term (about as rare as a standing panda). But let’s [...]

[Read more →]

 
Author’s composition.

Two questions.

Can you drive using just your rear view mirror?
Can you figure out where home sales are going by looking backwards?

I thought that the answers to both questions would be:

Not well, or not for long; or
No, not really.

But maybe I’m wrong.
Last week, I observed (see Drawn and Quartered – Home Sales and Foreclosures) that [...]

[Read more →]

 
 
 
  Posing Swine, from  EcoSherpa.com.

The upper limit for Fed Funds has been stuck at 0.25% since Dec 2008. What does the Fed do when the Fed Funds rate is zero, or close enough to zero for government work?
We don’t need to guess or speculate. Depending upon where you sit (or sat, if you were the [...]

[Read more →]

 
  
                                       
                                                   Charles Addams’ Drawn and Quartered, Bantam - June 1946.  
                                      Source: Michael Maslin:michaelmaslin.com.
If you follow housing, you may think you have a fairly good understanding of the magnitude of:

Existing Home Sales;
New Home Sales; and
Foreclosures.

There’s a good chance you don’t – due to the way that the numbers are reported. Home sales are typically reported [...]

[Read more →]