Ahmadinejad at WTC
A request by Mahmoud Ahmadinejad, Iran’s president, to lay a wreath at the World Trade Centre site in New York City next week has been turned down by police and lambasted by American diplomats as an attempt to turn Ground…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Day September 20, 2007
Fed to dollar. Drop dead
Fear of dollar collapse as Saudis decline to drop interest rates. Saudi Arabia is facing inflation and does not want a low interest rate policy. Thus, for the first time ever, they will not follow the Fed and are refusing…
US real estate increase less than Europe
Since 2000, the average price of a new home in the US has risen by nearly 50%. Of the G-7 countries for which we have data, only Japan has seen lower returns. Thus, those markets have much further to fall.…