Daily Markets - Moving Away From Conspicuous Consumption

---

• Moving Away From Conspicuous Consumption
• Greenspan, Rubin, And Herbert Hoover
• July Housing Data Continues Downward Trend

Moving Away From Conspicuous Consumption Posted: 08 Aug 2010 05:37 PM PDT The relentless consumerism of the good old days — i.e., before the financial crisis hit — seemed as natural as Apple pie. Now, though, it’s becoming apparent that the spending habits of old were more a factor of cheap money economics and nonstop corporate propagandizing than an unavoidable human compulsion. Brought back to earth by a harsh new reality, many people are discovering, as the New York Times reports in “But Will It Make You Happy?” that there’s more to life than borrowing … [visit site to read more]

Greenspan, Rubin, And Herbert Hoover Posted: 08 Aug 2010 04:21 PM PDT Herbert Hoover's disciples are making noises even as America moves closer towards a double dip recession Fed Chair Alan Greenspan tells the New York Times all the Bush tax cuts should expire as scheduled, even those that benefit the middle class and not the rich. His reason: the nation's looming deficit requires it. On Sunday, former Treasury Secretary Robert Rubin, appearing on CNN, says any further effort to stimulus the economy would be "counter productive," and that policy makers … [visit site to read more]

July Housing Data Continues Downward Trend Posted: 08 Aug 2010 08:15 AM PDT The July Credit Suisse First Boston Monthly Real Estate Survey was released this weekend and data points to the housing market in a continued decline. CSFB states that “prices remain under pressure, with weak demand and rising inventory” that indicates “further declines are likely.” I prefer the CSFB Survey because of it’s boots on the ground approach to detailed data collection across fifty major real estate markets nationwide. The predictive accuracy of the report over the long haul has been … [visit site to read more]

You are subscribed to email updates from Daily Markets To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610