Monday, May 03, 2010

Things to Read

The Reformed Broker post title win: "The Pain in Spain Falls Mainly on the Plain (folks)."  Also, shrimp speculation.

NY Times: "Shanghai is Trying to Untangle the Mangled English of Chinglish"   also be sure not to miss the slide show.

Calculated Risk: "Fed Discussed Possible Housing Bubble in 2004"

"MR. KOHN [Fed Governor]: House prices are elevated relative to rents—and will look even more so when rates begin to rise—but are more likely to correct by rising less rapidly than by crashing. >Eggs will get broken when rates begin to rise, but the capital in most intermediaries is high, and the system is resilient."


Also from CR: "96.5% of Mortgages Backed by Government Entities in Q1"... Holy schnikeys...

Jesse's Cafe Americain: Muni Bond Contrary Indicator?

ZeroHedge:  "Greece Bailed Out to get in Even More Debt."

And In case you missed my posts recently: 1) Greece Tax Dodgers and 2) Lies from GM



EconomicDisconnect said...

Sure now CR is harping on the government backed mortgage angle. For about a year he has been pumping low mortgage rates (as an idicator of something) as if they were really market determined. I think rates would be much different if the guv got out.

Did you see my comment last post on The Atlantis not having a poker room anymore?

Kid Dynamite said...

i did see your post about Atlantis. i was there in April 2008 i think... i don't think they had poker back then either.

CR has been consistent about mortgage rates - i don't think he ever thought they signaled that all was well - he's well aware that they're gov't manipulated/dominated.

EconomicDisconnect said...

Agree to disagree on that one.

Last year I did not go to the Atlantis but I would not be surprised that the poker room was gone then as well. What a downer.