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    Commentary, Economics / banking, derivatives, mortgage backed securities, regulation, Standard & Poor's, Wall Street /

    Standard & Poor’s

    February 6, 2013

    It is good news that Standard & Poor’s is being sued by the government. S&P was complicit in the market rigging that led us to the bubble and the destruction of a boatload of wealth. It has escaped, thus far, any serious damage from its involvement in the creation of crisis and deserves to be […]

    Commentary, Economics /

    Comments to My New Conservative Friends

    February 5, 2013

    I have been speaking to a few of my more conservative friends lately and have bumped up against a number of recurring themes I think are worthy of comments. Here is a sampling: The national economy cannot and should not be run as if it were a household. Balancing a family budget or small business […]

    Economics / consumer confidence, CoreLogic, home prices /

    House Prices Bump Up

    February 5, 2013

    If you believe that one of the depressing factors in recent years has been the deflation of home prices and along with it the erosion of consumer confidence and thus spending, this morning’s news from CoreLogic will be welcome. Home prices jumped 8.3% last year, the fastest rate since 2006. Of this gain only 0.4% […]

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