New York, Los Angeles and Chicago establish new Post-Bubble Lows << MORE >>

Monthly data depicting annual (12 month) price changes of the 10 City Case Shiller Price Index. Clearly illustrates timing and scale of the Boom, Bust, Stimulus Distortion, and ongoing Market Correction. << MORE >>

Today housing prices are plummeting and 13 of the 20 Case-Shiller markets have fallen below the index level which preceded the Obama distortion, leaving 3 years worth of home buyers (and many purchasers who would otherwise not have bought homes) unnecessarily underwater. << MORE >>

Not Bad for an Economist Who Has Been Consistently Wrong Since 2004. << MORE >>

"We have tried federal stimulus spending, which yielded little more than a sugar high. We have tried propping up the stock market and home prices with record-low interest rates from the Federal Reserve, hurting savers as well as retirees and anyone else living on a fixed income." << MORE >>

The CBO projects unemployment to fall by less than 1% over the next two and a half years, to approximately 8.2% at the end of 2013. << MORE >>

After several hours of hunting, reporters found and photographed this sidewalk crack in Virginia (which may or may not have been caused by the earthquake). Until this devastation is fixed by a new National Infrastructure Bank, at a cost of a few hundred billion dollars, it is hard to imagine an economic recovery catalyzing anywhere near this particular piece of asphalt. << MORE >>

"I don't think Morgan Stanley survives the weekend" - 10/10/08 "Federal Reserve Error in Your Favor - Collect $107 Billion" << MORE >>

Instead of stabilizing the housing market, buyers who paid overvalued prices, courtesy of Federal subsidies, will contribute a new source of foreclosures to the backload of distressed properties resulting from the Housing Bubble, further extending The Affordable Mortgage Depression. << MORE >>

Chart of Thomson/University of Michigan consumer confidence data from January 1978 through early August 2011. << MORE >>

While it is encouraging that the Fed has finally recognized that this persistent downturn will not be resolved until 2013, Bernanke continues to rely on policies which never had any chance of resolving the downturn, and have been proven to be ineffective over the past four years. << MORE >>

Everything an investor needed to know about Bank of America's ongoing troubles was available following a tragically misguided acquisition bender.<< MORE >>

If the rating agencies are incompetent, then why aren't the ratings advocated by Moody’s and Fitch also being questioned? Is it not possible that Moody’s and Fitch are the ones getting it wrong? << MORE >>

"Now, gentlemen, we have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong, as far as I am concerned, somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started. And an enormous debt to boot!" Henry Morgenthau, Jr. - May 9, 1939 << MORE >>

...imagine what the President could do for the country in eight years. << MORE >>

If the Participation Rate were the same as it was in January 2009, and 4.2 million Americans reentered the Civilian Labor Force, the Unemployment Rate would be 11.5%. << MORE >>

"Spending huge sums of money that we don’t have, burdening our economy with the liability of having to service and repay another trillion dollars of debt, all to create a few government dependent jobs which produce no real economic value will do nothing to alleviate any of the economy’s problems. What it will do is distort the economy further, obscure what is really transpiring, slow down the economy’s inevitable reset, deepen the economic crisis and threaten the US Government’s solvency and credit rating.” - 2/10/2009 << MORE >>

How leveraged does an asset class have to be before it is only suitable for Accredited Investors? << MORE >>

It appears (as argued since 2008) that Obama/Bernanke have extended the housing depression by years to no productive end. << MORE >>

The Unemployment Rate remains 2.3% above what was marketed to justify Stimulus Spending. << MORE >>

It is interesting that massive housing subsidies from the Stimulus Bill and Federal Reserve policies succeeded in temporarily propping-up overvalued prices, but have failed to stem the collapse of artificial homeownership. << MORE >>

The Los Angeles Price Index still needs to decline by 38.1% to reach its inflation-adjusted, pre-bubble valuation. << MORE >>

The 10-City Price Index Remains 38% Overvalued << MORE >>

The two year long Stimulus/Federal Reserve price distortion has been exhausted. Price declines have resumed, which otherwise would have continued uninterrupted since the Spring of 2009. << MORE >>

Most home buyers who received the federal housing tax credit will soon be underwater on their mortgages. Happy holidays! << MORE >>

The Government's rigid understanding of homeownership defied the dynamic nature of markets and the immutable laws of economics. By changing market conditions, increasing demand, triggering a rapid and accelerating rise in prices, and embracing so-called innovative, affordable mortgage characteristics, well intentioned politicians seeking to realize a social agenda fundamentally distorted the housing market. "Policy Makers Kill the Golden Goose of Homeownership" << MORE >>

It is the observation of this forum that, given the arbitrary definition of a "technical recession" employed by the National Bureau of Economic Research, the U.S. need never again experience one simply by engineering GDP growth every other quarter. Perpetual pretend prosperity brought to you through the magic of debt accumulation! << MORE >>

The unforgiveable tragedy of the past two years is that prices would have continued to migrate towards sustainable levels had the Government not manipulated demand. << MORE >>

Should the 15 month correlation continue, a stock market correction would commence on approximately October 1st. << MORE >>

"A number of reasons help explain why wages don’t and won’t drop, beginning with federal and state minimum-wage laws" << MORE >>