ALG's Daily Grind - Are we in another housing bubble?


Jan. 6, 2014

Are we in another housing bubble?
According the Case Shiller Home Price Index, home values are up 13.6 percent year over year as of October. Meanwhile, wages have been flat. How long can it last?

Global warmists trapped in Antarctic ice were frozen by flawed assumptions
Russian ship trapped in Antarctic ice. Various ice-breakers from other nations have attempted to free it, but to no avail. The ship is encased in tons of floating sea ice.

Pritchard: Reinhart and Rogoff warn of 'savings tax' and mass write-offs as West's debt hits 200-year high
"The paper said policy elites in the West are still clinging to the illusion that rich countries are different from poorer regions and can therefore chip away at their debts with a blend of austerity cuts, growth, and tinkering ('forbearance')."