Home Builders' Shares Rise Belies Lack of Housing Recovery - Barrons.com
What perhaps should be added to this discussion is the issue of interest rates.
Right now, the spread between short and longer terms rates was reported to be signaling stagflation.
The impact of rising interest rates is an open issue - as they haven't risen. (But, one does wonder how much printing it will take to continue to support the deficits of the extended entitlement countries - i.e. in Europe and the US?)
After all, the talk from Obama on supporting this, that and the other in his State of the Union (plus his support for the corporate tax changes), rather blatantly to me is leaving out any attempt to cut back on entitlement / social expenditures that have driven the share of GDP the Federal government is spending to 25%+.
Again, just a bit of broad macroeconomic questions, which one would think it perilous to ignore.
Saturday, January 22, 2011
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