If you understand what the debt ceiling is, you can see how silly the entire construct really is. In essence, it’s a constraint that the government is guaranteed to hit [ … ]
San Diego Home Sales Lowest in 4 Years in September
If you want to keep your pulse on the US real estate markets there are few better places than Southern California. The local market here in San Diego has been [ … ]
Great Job Congress. You Accomplished…Nothing After All That
There’s finally a deal to get the government back up and running. And from the looks of it, it looks like it was a big waste of time. What did [ … ]
On the Bright Side…Gas Prices are Way Down
Our government might not work any more, but one thing I’ve noticed over the last few years is how steady gas prices have been. I live in a part of [ … ]
Budget Deficits Contribute to Corporate Profits, but Don’t Matter, Right?
In order to really understand the credit crisis and why we didn’t turn into Greece or Japan, it’s helpful to look at the components of corporate profits and why the [ … ]
Among The Casualties of the Shutdown – Some Members of Congress
Members of Congress have jobs and government pay for now, but as the debt ceiling debacle drags on more and more Americans are saying they want to clean house when the next elections come around.
Can We Stop with the “Socialism” Nonsense Already?
I see an alarmingly high number of commentators and pundits referring to the USA as some sort of failed socialist state these days. Obviously, the healthcare debate has much to [ … ]
Institutional Bearishness Surges as Default Worries Rise
Hedge funds, who have been big losers this year, are getting even more bearish than they have been. It’s an interesting dynamic at work here. Usually, as the year-end approaches, [ … ]
The Great Unwinding – the End of the Easy Money
Just an FYI. I’ll be giving a talk at the University of South Carolina on December 9th, 2013 at their 33rd Annual Economic Outlook Conference. Other speakers include Governor Nikki [ … ]