Sunday, August 8, 2010

Daily Markets - Moving Away From Conspicuous Consumption

Daily Markets - Moving Away From Conspicuous Consumption

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]
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