DailyMarkets.com - What California Could Learn From North Dakota

What California Could Learn From North Dakota
Has The Real Estate Market Finally Bottomed Out?
Drill, Drill, Drill Lowers Gas Prices In Midwest
Time To Call BS On ECRI’s Recession Prediction?
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What California Could Learn From North Dakota

Posted: 10 Mar 2012 09:00 AM PST

From Steve Moore in today’s WSJ:

“In his speech last week responding to high gas prices, President Barack Obama insisted that “we can’t just drill our way out of” our energy woes. Actually, we can—and if the president wants proof, he should travel to boomtown USA: Williston, North Dakota.

The Census finds that North Dakota led the nation in job and income growth in 2011. It has the nation’s lowest unemployment rate, at 3.3% (California’s is 11.1%), and it saw a huge 38.5% increase in its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Has The Real Estate Market Finally Bottomed Out?

Posted: 10 Mar 2012 08:12 AM PST

Las Vegas:

1. Home shortage in Las Vegas? Yes, for foreclosures Realtors say: “House hunters can’t be as picky in Las Vegas today as they were a year ago, especially if they’re looking for a bargain on a foreclosure home. There’s actually a shortage of those homes, roughly one month’s supply at current sales levels, local Realtors say.”

2. Las Vegas Home sales, prices rise; inventory dips: “Sales of single-family homes in Las Vegas and their median price increased in February from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Drill, Drill, Drill Lowers Gas Prices In Midwest

Posted: 10 Mar 2012 07:44 AM PST

In a recent speech, Obama mocked the “drill, drill, drill” strategy, and called it a “bumper sticker,” not a real solution to high prices at the pump. Well, the drill, drill, drill strategy does seem to be working to keep gasoline prices lower in certain states like Minnesota and Colorado than in the rest of the country, due in part to less expensive Canada’s Alberta oil sands and crude oil from North Dakota. Here are some recent news reports about this:

1. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Time To Call BS On ECRI’s Recession Prediction?

Posted: 10 Mar 2012 07:25 AM PST

Last September, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) announced publicly that “the jury is in and the verdict is recession,” saying that a new recession was unavoidable based on the declines in the ECRI’s weekly leading index. But since that prediction, the ECRI’s index has turned up, and is now at 124.3 for the first week of March, more than 4 points above the 120.0 reading at the end of September (see chart above). Since the first of the year, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards