Monthly Archives: July 2009

Foreclosure supports market fever, its only cure.


Once home prices have adjusted down another 15% or 20% on a national basis, the concerns about buying a home may whither. The value of houses will have dropped back to where they were fifteen or twenty years ago in some markets and the bargain hunters will come out in force. Then, prices will slowly start to rise. Continue reading

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Economic Green Shoots grow from Bull Patties.


Virtually every economic statistic released is called a “mustard seed” or a “green shoot.” When the job loss goes to 540,000 from the prior 650,000, its being cheered and presented by the ruling party because the rate of job losses … Continue reading

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