Submitted by The Capital Spectator
The housing crisis, like all crises, imparts lessons. The most important one is also the oldest: risk never takes a holiday, even though it may appear excessively sleepy for long stretches.
It’s a simple yet powerful message, although that doesn’t stop any one from ignoring it, as many do. But the warning […]

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Submitted by Businomics Blog
I was skeptical of the condo boom before many others. Actually, I was too skeptical too soon, not realizing that there really are lots of people who want to live in dense urban housing. But when the sky filled with cranes, I became even more skeptical. Now that everyone […]

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Submitted by CARPE DIEM
Canada Free Press: Climate warming is naturally caused and shows no human influence, according to an inconvenient new peer-reviewed study published in the December 2007 issue of the International Journal of Climatology.
Climate scientists at the University of Rochester, the University of Alabama, and the University of Virginia report that observed patterns of […]

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Submitted by CARPE DIEM

A Glimmer of Hope for Housing?
WASHINGTON — Existing-home sales are projected to trend up in 2008, with pending home sales showing a slight near-term rise, according to the latest forecast by the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 0.6% […]

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Submitted by A Dash of Insight
The most important decision for individual investors is what to do for themselves. Various studies show that individuals, on average, attain about half of the overall market return when trading their own accounts. The main reason is that they make poor timing decisions. They overestimate […]

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Submitted by Businomics Blog
Subscribers to the FREE Businomics (R) Newsletter will soon receive a great offer: a sample issue of the Businomics (R) Audio Magazine on CD or podcast. The audio magazine is published monthly with
a review of what’s new in the economy, and what that means to the economic outlook
a special topic […]

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Submitted by CARPE DIEM

Dec. 5 (Bloomberg) — Mortgage applications in the U.S. jumped last week by the most in more than three years, led by a surge in refinancing as long-term interests rates dropped to two-year lows, according to this press release from the Mortgage Bankers Association (see chart above, 30-year fixed rates are the […]

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Submitted by CARPE DIEM

And you thought oil prices were high…. what about wheat, soybeans, eggs and milk?
See Captain Capitalism post here, and USA Today article here: “Commodities go ka-ching; buyers go, ‘Ouch’”
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Submitted by CARPE DIEM

From American.com, “Canada’s Dollar Craze“:
When I was a kid growing up in Detroit, my mother once said that she loved to visit Canada, right across the river, because “everything there is on sale.” It certainly seemed that way when the Canadian dollar traded at a fraction of the value of the U.S. […]

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