The Radford Free Press – Page 408 – All life is problem solving.

Economics / Bernanke, consumer confidence, consumption, home prices, interest rates, Keynes, new home sales, Paul Krugman, stimulus /

Housing and Bernanke: Bleak House?

February 24, 2010

Hot after yesterday’s report on the ongoing weakness in home prices comes today’s shocking report on the sales of new homes. Just as was the case with the price data there is no way we can put a pleasant gloss on the sales news. It stinks. Sales of new homes actually dropped in January to […]

Economics / banking, commercial real estate, home prices, real estate /

Real Estate Double Whammy

February 23, 2010

To add to today’s gloom is the Case-Schiller report on home prices, which fell in 0.2% December. While that decline is much smaller than those of the months back in the depth of the crisis, it represents a give-back of the strengthening we had seen at the end of last summer. It confirms the thought […]

Economics / consumer confidence, consumption, recovery, wages /

Sentiment Turns Ugly

February 23, 2010

There is no way to spin today’s consumer confidence report and make it glow. It is flat out rotten. Just a month after turning up nicely and leading us all to believe consumers had started to feel a little better, the bottom fell out. The Conference Board survey usually bounces around with a score in […]

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