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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

The financial sector is a lot more trouble than it's worth.
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♥ The Financial Crisis - Views and Remedies

♥ Full Employment Abandoned Shifting Sands and Policy Failures

♥ Understanding Modern Money

♥ Proposals - UPDATED March 2, 2009

♥ Soft Currency Economics

♥ Full Employment AND Price Stability

♥ A General Analytical Framework for the Analysis of Currencies and Other Commodities

♥ The Natural Rate of Interest is Zero

♥ 2004 Proposal for Senator Joe Lieberman

♥ An Interview with the Chairman

♥ What is Money?

♥ The Innocent Fraud of the Trade Deficit: Who's Funding Whom?

♥ JJ Lando on Quantitative Easing
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Archive for May 23rd, 2008

Homes in inventory

Posted by WARREN MOSLER on 23rd May 2008

Homes in Inventory

Looks like a lot of additional homes for sale hit the market all at once.

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2008-05-23 US Economic Releases

Posted by WARREN MOSLER on 23rd May 2008

[Skip to the end]

Existing Home Sales (Released 10:00 EST)
Existing Home Sales MoM (Released 10:00 EST)

Existing Home Sales (Apr)

Survey	4.85M
Actual	4.89M
Prior	4.93M
Revised	4.94M

Looking more and more like a bottoming action.

Existing Home Sales MoM (Apr)

Survey	-1.6%
Actual	-1.0%
Prior	-2.0%
Revised	-1.8%

A touch better than expected for both March and April.

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