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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.

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The funds to pay taxes and buy government securities come from government spending.
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Archive for August 18th, 2008

2008-08-18 US Economic Releases

Posted by WARREN MOSLER on 18th August 2008

[Skip to the end]

NAHB Housing Market Index (Released 13:00 EST)
NAHB TABLE 1 (Released 13:00 EST)
NAHB TABLE 2 (Released 13:00 EST)

2008-08-18 NAHB Housing Market Index

NAHB Housing Market Index (Aug)

Survey	16
Actual	16
Prior	16
Revised	n/a

What has been looking like a bottom is now again softening, but it’s so low seems it will go mostly sideways before it goes up.

2008-08-18 NAHB TABLE 1

NAHB TABLE 1 (Aug)

2008-08-18 NAHB TABLE 2

NAHB TABLE 2 (Aug)

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