Fast Facts

The State of The US Housing Bubble

State of the Resale Housing Bubble - Click to enlarge

The idea that US housing prices are not in a bubble because they haven’t reached new highs on an inflation adjusted basis has become popular lately. I have a couple of problems with that idea. First, its proponents deflate house prices by CPI, then conclude that since real, “inflation” adjusted adjusted existing home resale prices have yet to exceed their peak in…

Wall Street Examiner Exclusives

Increasing Treasury Supply, Decreasing Demand, A Recipe for Trouble, But…

Treasury Auction Demand

Treasury supply will now be a negative factor for the markets through early June. This is unlike the late April, early May period where the Treasury was paying down debt thanks to the cash flows from April tax collections.