InnocentsAbroad

Commodities: Another Bubble Forming?

Nice and informative article. It is your last comment that has me interested. Implied is that we are not at the end of real estate price rises. I am wondering if real estate bubbles are not really micro bubbles, rather than national.

Real estate prices in the mid Atlantic (including I suspect New Jersey) seem quite solid.

I plan to go back and review real estate price trends in CT, MA, RI, and especially, suburban NY state.

Five Impossible Thoughts After Breakfast

Thanks for the nice article. The real difficulty is that the banking and central banking issues are hard for the public to understand. The best public service anyone (any politician ) can provide is to gently and clearly explain the nature of the banking crisis.

As most Americans have at one time or another known or faced bankruptcy themselves, they will easily understand the concept of putting the banks in receivership.

As for the notion that the counter parties or not identified by the Fed and the Treasury, those are public facts that any Senator or Congressman could make available. It is the pervasive corruption of our legislatures that keeps this from happening.