According to a recent Politico poll, the economy is voters’ top concern ahead of the 2014 midterm elections, ranking higher than national security. Yet campaign rhetoric is showcasing leaders unwilling to discuss the true state of the American economy. Incumbents point disingenuously to the falling unemployment rate as a positive, knowing full well it’s falling […]
Tag Archives: housing
Fed to Spur Growth; Summers Spares Nation by Quitting
Good morning! Here’s what you need to know: ______________________________ OVERVIEW The Fed is willing to provide additional accommodation to spur growth. Gold is soaring in anticipation of more dollar-destroying action from the Fed. Larry Summers is quitting his job as Thrasher in Chief of the US Economy. If you’re rich, you’ll pay higher taxes next […]
Posted in Finance at First Light
Also tagged China, Federal Reserve, Financially Stupid People, Summers, Taxes
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Nice Recovery, Guys
Can we finally take off our hats to everybody who said the market rise and economic recovery banter was just a crock of liquidity served up with your tax dollars? Take a look at this from Bloomberg yesterday: Purchases of US new homes fell in May to the lowest level on record after a tax […]
Homebuilding Stocks
Along with everybody else, we’ve been watching the housing sector for many months here at The Kelly Letter. From the abundance of homebuilders beaten down, we chose one in particular that we’d like to own and have been watching for a bottom as it fell from $35 to $15. Last weekend, I told subscribers that […]
