This from "Some Assembly Required" (follow link to original) -- this is just a "taste" -- there is much, much, more
The Hail Mary: Obama Administration says that it will waste at least $3 billion giving no-interest 'loans' to people who are at least three months behind on their mortgages “and have a reasonable likelihood of being able to resume mortgage payment within two years.” Go long, I'll throw it as far as I can...
Throwing in the Towel: Stephen Hawking says that “our population and our use of fine resources” mean that our species can survive the next century only if we go forth and infect the universe. Say 'Goodnight' Gracie.
Key Concept: “Structural unemployment” is being tossed around more and more by the talking heads and financial blogeratti. For the uninitiated, 'structural unemployment' is an economist's way of throwing up his hands and saying there is no way to fix the problem, because it is built into the structure of the system. Politicians will grasp the concept with both hands and hide behind it.
Jurisprudence: In some, places interrogators threaten wounded prisoners – even teenagers- with gang-rape in order to obtain confessions, which their courts then permit to be used at trial.
Sample Season: This summer's deadly heat, torrential downpours and raging wildfires will soon be looked back at as the good old days.
Tuesday: Case-Shiller House Prices, New Home Sales, FOMC Minutes and More
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[image: Mortgage Rates] From Matthew Graham at Mortgage News Daily: Mortgage
Rates Near Lowest Levels in a Month
Last Monday, mortgage rates were near the ...
12 hours ago
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