Monthly Archives: August 2010

Income, Spending, (lower) Savings Rates, Curves and Goldilocks

We are NOT professionally trained economists and do NOT play one on TV. With the data just out @ 8.30am (Income, Spending and PCE) we were most troubled by a LOWER savings rate (ticked down TO 5.9% from 6.2%). IF … Continue reading

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Monday – August 30th, 2010

Bank of Japan Expands Bank-Loan Program as Yen’s Climb Threatens Expansion: Bloomy European Economic Confidence Improves to Highest in Two Years on Exports: Bloomy Obama Plans Refinancing Aid, Loans for Jobless Homeowners, HUD Chief Says: BondBeat Buy the rumor sell … Continue reading

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Hud Boss: Housing Could Be ‘A lot Worse’ (CNN)

This one smells very much like the paroday Jon Stewart did a couple months BACK. (CLICK HERE IF YOU MISSED IT ). The ability for the current admin to blame the PREVIOUS one is palpable and to be honest, it strikes … Continue reading

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