Stock markets: retreat in store?

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It seems as if the spring rally has probably exhausted itself. And it is about time given the extent and rapidity of the move. Read on for my latest views on the outlook for equities. […]

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Kasriel: How does an excess supply get remedied?

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“It is well documented that the prices of houses have plummeted. What may be less well known is that newly-started production of single-family homes has come back into equilibrium with the sales of new single-family homes,” said Paul Kasriel in this interesting guest contribution. […]

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Damn! The kitty is empty …

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A billion here, a billion there, and pretty soon you’re talking real money … […]

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