Round O'Blog
Macroblog's Dr. David offers Poole on the Yield Curve
Poole concludes that any present concerns about the short-term/long-term spread are much ado about not much... Joe, I would guess, doesn't disagree all that much, but does suggest we not entirely discount the yield curve's history...
Big Picture Barry offers All Aboard the Reality Express
Prices continue to increase, regardless of the idiotic focus on the Core rate... Growing disparities in wealth, which will ultimately lead to spasmodic anti-capitalist legislation... Keep repeating after me: Except for everything going up in price, there is no inflation . . .
Econbrowser's Dr. James offers up the S word STAGFLATIONand trys to deal with the churlish nature of the incoming data.
what if the incoming data raise concerns of both higher inflation and slower output growth?further weakening in the housing market would be anticipated even if the Fed has no more rate hikes... Bernanke may think we've got a solid anchor, but this boat seems to be drifting.
Econbrowser's Menzie Chinn offers up a long term look at dollar depreciation and to that end, aptly notes that one should pay attention to:
(1) how much focus there is on incipient funding needs on the part of the Federal government; (2) how much the depreciation is correlated with talk of reserve diversification or decline in dollar accumulation
Mike Shedlock at Mish's GET offers some market analysis in Snap, Crackle and Pop featuring our old cereal friends.
It seems the market as of late is much like a bowl of Rice Krispies... Distinct SNAP! CRACKLE! POP! sounds are made by the uneven absorption of decreasing liquidity in various market bubbles.
We dug through the archives and found our own reference to Rice Krispies, exception being we included the unknown 4th member or manager of the group, Fizzle...
The reality is that a large percentage of homes "purchased" in the last three years are actually being LEASED with an option on potential profits. 100% financing, low rate ARM's or interest only loans make this possible... rising interest rates are no longer necessary to sink this ship, a minor recession and some additional layoffs will suffice.
Poole concludes that any present concerns about the short-term/long-term spread are much ado about not much... Joe, I would guess, doesn't disagree all that much, but does suggest we not entirely discount the yield curve's history...
Big Picture Barry offers All Aboard the Reality Express
Prices continue to increase, regardless of the idiotic focus on the Core rate... Growing disparities in wealth, which will ultimately lead to spasmodic anti-capitalist legislation... Keep repeating after me: Except for everything going up in price, there is no inflation . . .
Econbrowser's Dr. James offers up the S word STAGFLATIONand trys to deal with the churlish nature of the incoming data.
what if the incoming data raise concerns of both higher inflation and slower output growth?further weakening in the housing market would be anticipated even if the Fed has no more rate hikes... Bernanke may think we've got a solid anchor, but this boat seems to be drifting.
Econbrowser's Menzie Chinn offers up a long term look at dollar depreciation and to that end, aptly notes that one should pay attention to:
(1) how much focus there is on incipient funding needs on the part of the Federal government; (2) how much the depreciation is correlated with talk of reserve diversification or decline in dollar accumulation
Mike Shedlock at Mish's GET offers some market analysis in Snap, Crackle and Pop featuring our old cereal friends.
It seems the market as of late is much like a bowl of Rice Krispies... Distinct SNAP! CRACKLE! POP! sounds are made by the uneven absorption of decreasing liquidity in various market bubbles.
We dug through the archives and found our own reference to Rice Krispies, exception being we included the unknown 4th member or manager of the group, Fizzle...
The reality is that a large percentage of homes "purchased" in the last three years are actually being LEASED with an option on potential profits. 100% financing, low rate ARM's or interest only loans make this possible... rising interest rates are no longer necessary to sink this ship, a minor recession and some additional layoffs will suffice.
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