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Housing Vagaries

My last post was headlined “Housing Climbing Back”. Oh well. So much for that. Today we learned that pending home sales fell for the first time in four months – the index that measures them dropped to 95.5 in April from March’s 101.1. So we are reduced, once more, to making brave statements about how […]

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Housing Climbing Back

I would be remiss if I passed on making a quick comment regarding real estate. The steady climb back continues. This is not a rapid recovery, but it is consistent and prolonged. Sales of existing homes rose 3.4% in April, making it the tenth straight month of growth, and bringing the level of activity to […]

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Ethical Issues. Again.

Just when I thought it was safe to re-engage with economics I stumble across two more reasons for my blood to boil. Economics is – not to put too fine a point on it – a rotten profession. As in ethically rotten. Not all economists of course. Some try to tell the truth. Or rather […]

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