Aussie Miracle or Time Bomb?

 – by New Deal democrat The Bonddad Blog The bifurcation of the new vs. existing home markets continued in March, per the report on existing home sales and prices yesterday. Remember that, unlike existing homeowners, house builders can vary square footage, amenities, lot sizes, and offer price and/or mortgage incentives to counteract the effect of interest rate hikes.On a seasonally adjusted basis, existing home sales declined from 438,000 to...

Revealing Economic Crisis Warning Signs

by Katherine Bindley Wall Street Journal AB: I have a partial subscription to WSJ which I keep on forgetting. This article popped up. I agree with the author, the LED Headlights are too bright. Not only are these my thoughts. Mechanical Engineer Victor Morgan, in South Carolina has a light meter on his dashboard. He has been taking readings of the glare from no less than 156 oncoming cars and analyzing the contents of FMVSS 108 table XIX. FMVSS...

from Lars Syll No sooner had I finished my comment on the irrelevancy of economics but I had confirmation — albeit unwittingly — in this morning’s Financial Times.  There on the editorial page was a short column by Soumaya Keynes talking about the rise of Hank. For those of you not on the cutting edge, “Hank” stands for Heterogeneous Agent New Keynesian, as in a complicated model of the economy. Hank is a whole new way of looking at model economies, with the really big breakthrough being...

Debra A. Pinals The Pew Charitable Trusts It has been a while since I talked about prisons. I have been in each level, up to a level 4 as a visitor. Spend hours talking to a prisoner. Eight hours out and 16 locked down at that level. They remain in their seats and you go to the canteen machines to buy the candy. It is not pretty and it never was to be a solution for their being there. The author touches upon those with mental illness who most...

I have previously repeated some transcriptions from the correspondence Marx and Engels. I tried to concentrate on some formulations from Engels of ideas important in Marxism, Marx stating what is important and novel in Capital, or outlines of the project, particularly concentrating on the so-called transformation problem. This long letter certainly belongs in this collection. Marx's ideas were fairly well-developed in 1858. Here he has promised Duncker, a publisher, to write what...

No sooner had I finished my comment on the irrelevancy of economics but I had confirmation — albeit unwittingly — in this morning’s Financial Times.  There on the editorial page was a short column by Soumaya Keynes talking about the rise of Hank. For those of you not on the cutting edge, “Hank” stands for Heterogeneous Agent New Keynesian, as in a complicated model of the economy. Hank is a whole new way of looking at model economies, with the really big breakthrough being...

You can buy now, but the market will continue to go down in the short term. Just be aware. 

Subsidized Religion's Distortion of Reality