Housing Bubble Pathologies, Part 2: Fewer Babies And More Stressed-Out Renters
Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now
Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now
Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison
Here’s one for the Clueless Regulator Hall of Fame: Corporate executives are using stock buybacks to pad their own compensation, according to SEC official (CNBC)
Monthly economic readings tend to be full of noise and are therefore unreliable. So it’s best to save the excited assertions for established trends. The
This has been a uniquely boring stretch for gold and silver – especially considering all the things going on in the world that ought to
Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as
For most of the past few years, emerging market stocks and bonds were among the favorite investments of everyone from hedge funds to pension funds
A couple of decades ago, when the post-war baby boom generation was in its prime earning and tax-paying years, governments had a chance to guarantee
The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along
It’s always been understood that corporate executives make a lot more than rank-and-file workers. But the gap between top and bottom was hard to calculate,
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in
Ah, Italy. My people; fun to be around, a nightmare to govern. And now an existential threat to the European Union, the euro currency, and
The price of oil is rising, which is obviously good news for those who sell it to the rest of us. Russia in particular seems
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I
If you’re running a business and the price of one thing goes up, you can work around it by economizing elsewhere. But when everything –
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