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New Home Sales Rise; So What?

Sorry. I just can’t get too excited over today’s news that sales of new homes rose 7.3% in April. So what? But I pass the news on despite myself. Sales are now running at an annual rate of 323,000, which is much better than March’s 301,000, but is way below – to the tune of […]

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Banks, Debt, and Other Oddities

It’s the end of a long and busy week. I have been less involved in the latest economic news largely because of other commitments. Plus everything seems to have reached an impasse. For instance, our banks have managed to escape serious punishment for the disaster they foisted on us. Some of you are skeptics and […]

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