Every time I read a story on falling rents I think of that stupid report by economists out of University of BC. I already expressed my opinion on that report, well a few times. [more]
I have posted previously that I think US tax policy encourages debt for the wrong reasons and that there are other ways to support programs that encourage people to build strong foundations. Ultimately there is a spread between borrowing and lending rates so overall debt hurts people and helps to make a much larger financial sector. [more]
I like the second letter in Mish's post. The small business person had a good advisor who told him to forget expansion, get rid of debt and "hunker down." I have heard a few stories of people going broke because of expanding in 2007, and I am sure there will be more of these stories as people use the last of their resources to try and keep going. [more]
I am at my second year out of the market and I feel no more ready to re-enter the market now then I did a year ago, then I did when I exited all of my positions. [more]
Big Picture has a post with a piece from a report titled “What Causes Bubbles and Crashes, and What Can We Do to Prevent Them?”. [more]
Wealth make rules that favor themselves. This post has a ratio of how many millionaires there would be if the people were as wealthy as the people elected to represent them.
People in the lowest economic bracket tend to vote the least and they do so at their peril.
Here is an article which gives reasons to expect China's economy to have a severe down turn. [more]
And Keynes is to economics was Arisotle was to chemistry. [more]
Yves has an post on the health bill that got passed last night. I found the part about the one clinic with salaried doctors interesting. [more]
Financial Armageddon has an interesting post on consumer spending, saving and income. Spending hasn't dropped off nearly as much as wages and it is suggested employment benefits are bridging the gap. [more]
I like this blog. It is about time someone is going after these guys for backroom, screw the taxpayer deals.
Japan continues to be an economy that investors ought to watch, as I have stated in the past... [more]