I’ll be tweeting on Twitter on the usual subjects. Here’s my Twitter page:
twitter.com/jpicerno
Tweet, tweet…

The housing market has shown signs of recovery before, but to date it’s come to naught. Is there any reason to think that the latest rise in new building permits issued offers real hope this time? Unlikely, but the trend bears watching just the same.

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Leading economist warns against rapid yuan rise
MarketWatch/Jan 18
Global monetary authorities should focus on stabilizing the price of the dollar and euro – as part of a new monetary regime that would also see the yuan appreciate slowly against the greenback, Columbia University Professor Robert Mundell told a financial forum in Hong Kong on Tuesday. Mundell, a Nobel Laureate in Economics in 1999 and also recognized as intellectual godfather of supply-side economics, said the approach would help curb volatility in global currency markets.

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