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Housing Starts Plummet Further

Just when there were very slight rays of hope on the horizon about housing today’s announcement of new housing starts shows how much of a hill needs to be climbed before we are out of the hole we dug ourselves. Clearly housing remains a diabolical mess. The headlines show that starts fell 12.8% in April […]

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TARP Repayments: Good or Bad?

Maybe I am the only one, and that wouldn’t be the first time, who thinks that the rush by some of our larger banks to repay the TARP money they received from the government is a bad thing. Rotten in fact. It seems fairly obvious to me: we pumped a ton of money into the […]

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More Pale Green Shoots

I love the stock market’s constant urge to exaggerate any good news. Lately that has led us to some odd analysis. Even supposedly sober folks like those at the Financial Times fall prey to what we should now call Bernanke’s ‘Green Shoots Syndrome’ or simply BGSS. Today’s example of this quickly spreading disease is the […]

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