November 2009

  • Home Sales Increase in October: False Bottom?

    By dubayns on 11/24/09 6:31pm
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    The DOW surged today on news that existing home sales were more than 10% higher in October than in September.  On the surface, this is great economic news.  But if you look at the situation a little more closely, the DOW’s rebound today is more of a matter of how the news was framed rather than the story behind the spike in home sales.  I argue that the good news is really no news at all, as it reflects a broken economy and people wanting to take advantage of stimulus money.

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  • Japan, Others See Signs of Economic Growth

    By dubayns on 11/24/09 6:26pm
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    The Bank of Japan has announced for the third straight month that signs of grown are on the horizon.  The Japanese consumer index is still down by a couple of percentage points from last summer, and the deflation is expected to continue well into 2010, but nearly every other indicator is pointing to a gradual recovery from the world wide economic slowdown.

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