The Federal Reserve No Policy Change May Be Cause for Concern
housing market & interest rates
There were no real changes to the Federal Reserve’s policy statement yesterday. I have observed for years that Fed announcement days have been treated as more important than the sum total of all company earnings statements. Why is that? Perhaps because the Fed’s economic manipulations have been more important than the market’s fundamentals since the inception of the Greenspan era. Read more 
Housing & Economy Recovery in 2009?
On 1/19/09 Bill Fleckenstein (president of Fleckenstein Capital, which manages a hedge fund based in Seattle) said: "The current bust is a direct consequence of a boom, but not an ordinary boom. It was a credit/real-estate bubble that caused a misallocation of capital of truly biblical proportions. Thus the pundits who think there will be any return to business as usual in the second half of 2009 are going to be very disappointed." San Diego real estate