U.S. Housing Starts Fall Sharply, Inflation Edges Up

I hear that brokers are saying "buy now or be priced out forever" again.

yes, i heard that just today. the foreigners are also supposedly just now rowing up to shore.

starts moved up this time

No effect on stock, commodity, or oil prices though - let the bubble continue!

Let us also not forget that REAL inflation is now at 3.9%, and incomes FELL .1%. QEII is a DISASTER - and the economy is tanking because of it.

As long as oil and food prices remain at these levels, and employment does not improve - which it won't with oil and food prices at these levels - the economy is headed straight for another recession, and STAGFLATION.

and incomes continue to go dowm.... WS indicator GS Compensation per employee below $300k(from a peak of $660K) as well as the stock price

http://www.nypost.com/p/news/business/goldman_average_pay_takes_hit_LYWLVdGLDmPPNfSTT5TymN

What kills me is this news about banks' "positive results": of all of them, only JPM made any operating profit, and that was miniscule.

Was discussing with UD yesterday - it would be far, far better if the Fed would just let things happen, allow the necessary deflation to deflate costs, instead of trying to prop up asset prices and making things worse. For most of the country, it's the "noncore" bits of inflation that kills them: food and energy. Housing costs tend to be stable in the short- to medium-term (and in any case they're not counted in "inflation," either!) so most people use their income to pay for food and energy.

This economic policy is leading us to ruin.

Beige Book confirms it - there is no growth.

riots in Greece.. when do they come to NYC?

Riots I doubt, but you may see some big demonstrations on the Mall in DC.

maybe this will finally bring back some good music

Most all DBP are way underfunded with way too high return assumptions -- this is a HUGE problem that has not been talked about too much (both public and private).

`after shock 2 coming our way...& for anyone out there who does not believe that its time to take the american sunglasses off. while things here may never turn 3rd world...our comfy lives r turning 3rd world countries into 4th world. & china keeps offering to help us thus making their rise into world power more imminent than ever. i agree that our govmnt should let the chips fall where they may. the economic view is always more than the sum of its parts. we didn't learn anything.

since when is money lost?

it's transferred..

and where do the transferees live? franklin lakes duhhhhh, team gorga

right on Key- Blarkrocks Larry Fink talking about unfunded pensiaon liabilities