Daily Archive: Tuesday, December 29, 2009

Monetary Policy and the Housing Bubble

[Skip to the end] >    >   (email exchange) >    >   On Tue, Dec 29, 2009 at 8:55 AM, wrote: >    >   Do you agree with their conclusion that monetary policy (low rates) didn’t affect housing >   prices? Yes, seems that way to me, too. >    >   I guess they did raise rates from 2003-06. >    >   Seems the ...Read More

Why health care will keep us ill

[Skip to the end] The flaw in the annointment is that our out of paradigm legislators and administration have apparently agreed that whatever healthcare they pass will be a ‘tax now, spend later’ arrangement. This will only serve to reduce aggregate for the time leading up to the additional spending, which looks ...Read More

Iron ore in China

[Skip to the end] Yes, China is very large and in many ways ‘untouched’ and will most likely continue to find its own resources, rather than cause world wide shortages. China says it may have 10bln tonnes of iron ore reserves in Hebei Dec 26 (Reuters) — The eastern region of China’s ...Read More