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Showing posts from February, 2020

The Mainstream Media Attack on US Sovereignty on Climate Change

There is a disturbing behavior taking place with mainstream media on the subject of climate change. The number of articles from US and European media opposing Donald Trump's decision to pull out of the Paris Accord compared to those backing Trump are disturbingly lopsided in terms of numbers. This does not mean that I support Trump as president. He has to go. He is a racist.

Before listing a few of these articles I have to point out that the science of global warming is in dispute. That is, it is likely that the 1. 8 degree target for the Paris Accord will do nothing to save the world from global warming. It has been said that this is not going to make a difference. Scientists have said this.

So, if it is not going to make any difference, what is the justification for the cost? The cost will be massive, in terms of energy costs and jobs. If jobs are created, most of them will be created in tech areas and not in the areas of rural America that are hurting. And all this for dubious…

Yes There WAS A Housing Bubble

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This article was first published by me at talkmarkets: https://talkmarkets.com/content/real-estate--reits/yes-there-was-a-housing-bubble?post=181387&uid=4798

Scott Sumner is dead wrong about the housing bubble last decade. Here is his view on the matter, recently published on his interesting blog, The Money Illusion:


There are two powerful pieces of evidence against the claim that the US housing market was overvalued.  First, many who made that claim also said the same thing about housing markets in Canada, Australia, the UK, and other countries.  And yet many of those other countries did not crash.  Even worse, America’s housing market has mostly recovered, and yet I see almost no one currently saying “America’s in a huge housing bubble, and when it crashes we’ll have another Great Recession”.  So why continue to claim the 2008 recession was caused by a housing bubble that no longer even looks like a bubble at all?
The problem with his analysis is that last decade, mortgage rates…