Quaker

Fed Beige Book's Benign Economic Picture Contradicts Real Estate Reality

The markets today are overbought on a long term basis. That means just about everybody has a long bias. You can see this in the interpretation of economic statistics.

On the interest rate front, we're flooding the world with trasury bonds and trade deficits are monsterous. How is this anything but inflationary? How can this do anything other than eventually drive interest rates.
A friend from Colombia is telling me that it's almost impossible to export to the USA. The dollar fell from 2200 peso's to 1600 is 8 months. The same is true of oil. The Saudi's keep cutting production. Why? If they produce more oil, the dollar falls more. They maintain a dollar peg and inflation in Saudi Arabia is rampant.

The feds economists are what we used to call intellectual morons. Their calculations tell them inflation is low. Last night I bought three sandwitches at a pizza shop. They were $26. Sometimes a guys just gotta use a bit of sense. (it used to be common)

CME Housing Futures Show More Price Depreciation Expected

I'm not sure just how you guage these kinds of things. When houses are falling, do buyers get a bigger house for discounted dollars? Do sellers have to spend more to make a house sellable?

It seems to me that the median price of a house is up but the median size of a house is up just as well.