LAURA KNIGHT-JADCZYK AND JOE QUINN
Since the 9/11 attacks, no book has provided a satisfactory answer as to WHY the attacks occurred and who was ultimately responsible for carrying them out - until now.
We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond - and it terrifies them...Bad things are going to happen. - Hugh Hendry on CNBCOnce again we're going through another wash, rinse, repeat cycle with the housing market fairy tales. People who bother to pay attention to the news woke up this morning to a report from the Commerce Dept that housing starts rose the highest level since 2008 in June. I'm not sure why that would be considered good news, since 2008 is when the bottom really fell out of the housing market. The other anomaly that contradicts this Government-compiled data is that mortgage purchase applications continue to decline on a weekly basis. Note: the mortgage application data is compiled and released by a private, free enterprise organization so we can safely assume that the data report is infinitely more reliable than that of the Government's Commerce Department.