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Credit Where Credit Is Due

[In addition, while business loans increase our capital stock and lead to greater productivity, loans made to consumers are merely spent, and do not create conditions that will make repayment easier. ]

In much the same way, it seems this new stimulus bill won't create greater productivity, nor will it create sustainable jobs.

More like a "belch" into the economy than a breath of life.

Is the U.S. Banking System Safe?

[Home prices have historically tracked inflation and are likely to revert to the mean. ]

I agree with NY above that inflation is going to accelerate, but with all of the reasons that housing prices have to continue to decline, I'm wondering if house prices may decouple from that measure.