SubscribeHousing Double Dip…Or Triple…Or…
January 25, 2010
There were few reports out this morning which is probably why markets felt the need to rise. Of course the relief that investors felt as the confirmation of Fed Chairman Bernanke was back on track. (Note: the latest naysayer is reported to be Senator John McCain)
Whatever the cause of the market’s jubilation, it was definitely not the housing numbers that were released. These confirm what we had been seeing in the construction numbers earlier in the month. Even though there is some evidence that prices have moved higher on a year-over-year basis, it is from the low-point.
Until we see Read more
Video: Neel Kashkari on Charlie Rose
May 13, 2009
It as back in the spring of 2007 that the Treasury knew we were in a housing bubble. Seems the Treasury watched the market to see how bad it was going to get before anyone was informed that there was something BIG brewing.
Key comment by Kashkari …”This crisis has always longer and deeper than we expected”
Video: SNL/Barry Gibb Talk Show (Hysterical)
May 13, 2009
Too funny. Roubini and Pelosi join Barry and Robin Gibb in this a high pitched discussion of the curent economic environment.
Video: Geithner on Stress Tests (SNL Style)
May 11, 2009
Here is a funny (errr… I think it is supposed to be funny) conversation with Treasury Secretary Timothy Geithner with the American people regarding the not-so-stressful stress tests.
SNL nails it again. Good news for SNL writers is that they will have material for decades with the current lineup of Geithner, Bernanke and the executives from the banking sector.
Better to laugh than to cry I suppose..
Video: The FASB Rip-Off
April 27, 2009
This is one of the most horrific changes that we have seen as of yet. Financials are able to hide more and create fantasy earnings from the recent change, that is grotesque…
