Archive for June, 2009

THE Chinese threat

29 June 2009 by Christopher Suleske

MUCH has been bandied about insofar as the threat China poses to the U.S. economy. Usually it is commentary related to their massive trade surplus. That is the least of our worries. Here is the most immediate concern:
China’s banks are veering out of control. The half-reformed economy of the People’s Republic cannot [...]

Why mortgage rates are climbing and why inflation is looming

15 June 2009 by Christopher Suleske

Courtesy of Rachel Beck @ the AP:
“If the meltdown continues in the bond market, then mortgage yields will soon be at levels that choke off refinancing activity,” said economist Ed Yardeni, who runs his own investment firm. “Even worse, they could abort any necessary recovery in home sales and prices.”
Yardeni coined the term “bond vigilantes” [...]