New home sales get reported tomorrow (Friday, 5/23), but the monthly, seasonally adjusted number is not the key determinant of the homebuilding outlook. Yes, we will see how things are going now, but more importantly are the underlying drivers that put new homes in a favorable competitive position. Especially important is the shrunken supply... »
The “it’s quiet – too quiet” crowd warns that the market’s calmness is a setup for unwary investors. We’re told that, with too-high values (they’re not) and biotech/tech bubbles bursting (they’re neither bubbles nor bursting), it’s only a matter of time before the stock market cracks. The fundamental outlook that supports this view? Non-existent.... »
The 5-year Fed wealth redistribution gambit has made savers poorer. It’s time to rectify this abnormal and unfair scheme. Under new management, the Federal Reserve nevertheless continues its non-reality show. Only now they’re inventing reasons not to let savers have their due. Fed head Yellen just cited the old, now non-existent, “problems” of low... »
