Data affirms that houses are affordable

by | 09 02 2011 | Blog

Moody’s Analytics announced data this morning that indicates that homes in the United States are the most affordable they have been since before the massive real estate bubble.  Specifically, the data compare median home prices to median household income.  ...

Obama laying the groundwork for 2012 elections?

by | 08 02 2011 | Blog

Yesterday President Barack Obama spoke before the U.S. Chamber of Commerce.  His speech was similar to a point I made several months ago when  I called upon business leaders in the United States to start spending some of their hoarded $2 trillion in cash to hire new...

A proactive China is a good thing

by | 08 02 2011 | Blog

Early this morning the Chinese central bank announced that it was going to raise its benchmark interest rates for deposits and lending by another 0.25%.  Specifically, the benchmark rates are: 5.81-6.06% for lending and 2.75-3.00% for deposits.  This is the third...

In Egypt Obama’s Between a Rock and a Hard Place

by | 06 02 2011 | Blog

There has been nearly unanimous criticism of U.S. President Barack Obama’s handling of the revolution in Egypt.  However, I think a real reckoning of the situation reveals that the situation is enormously complex and any action requires careful consideration....

The fractures in the EU are showing more

by | 06 02 2011 | Blog

This past week various leaders of the European Union have been meeting to create a structure for preventing future economic crises.  Also important was their effort to try and create a framework for how to deal with crises when they do unfold.   Most of us who...