A Faux Boom Built on Phony Money
By Bill Bonner "When the Fed (actually the Treasury) prints up an extra dollar bill, the gesture lacks sincerity; like a duelist who first smiles and shakes your hand, then walks back twenty paces and pulls a trigger; you know he didn't really mean it."
No More Wind in Existing Home Sails
By The Mogambo Guru "This week, the Mogambo grabs a calculator instead of an Uzi, and calculates a terrible truth about the mortgage market - all the while sadly pushing one economist to the brink of madness. Read on…"
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