Month: March 2011

Real vs Nominal Housing Prices: United States 1890-2010 From Naked Capitalism I try to avoid republishing other people’s very cool charts, but this is on a pet blog topic. So you readers please be very nice and go look at the accompanying text at Visualizing Economics and better yet, subscribe too (hat tip Richard Smith,…

Markets have been running hot for some time now with upside price distortions generated in large part by a Fed promoting asset price increases. The problems of large scale speculation across the board is that they become highly susceptible to event trauma. While Japan’s problems are certainly off the charts, the principles of market declines…

Former Fed Chairman Greenspan believes stimulus programs are hampering the recovery. These thoughts are part of a history of mindless economic speak where Greenspan spins analysis from flawed observations. Since the economy is not growing fast enough, it must be because the current Fed does not see the obvious solution. Do nothing. Listen to Al.…

Fed’s Bernanke: Budget cuts could trim 200,000 jobs (Reuters) – Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs.(Entire Article)