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Robert Shiller: Home prices have been going up for nearly a year now, according to our data, the S&P/Case-Shiller indices ... Normally we could extrapolate that kind of upward trend because historically home prices have shown a lot of momentum. But I think we're in a very unusual circumstance because of the massive bailouts, the homebuyer tax credits, the Fed's purchase of mortgage-backed securities -- and these things are coming to an end.
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Unable to effectively manage your own country? Why not run the world!
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I wonder if they would dare to mock a visiting Imam like this? Well I don't really wonder.
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Some local governments will be facing tighter budgets than expected if the county property appraiser's forecast of double-digit drops in land values across most of Pinellas holds true.

"It's going to be a tough budget year," Pinellas County Property Appraiser Pam Dubov said.
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Housing has been going sideways for seven months now, mainly due to lax lending standards (at FHA), the First time Homebuyers Credit, and the Fed's mortgage-backed securities (MBS) buyback program. But once the props are removed, the market will fall sharply.

So where's the real demand for housing?

Here's a hint: There isn't any.
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$61 million?!
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Probably the most politically incorrect incident you will read about today.
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What makes America special.
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Did they really think they would get away with this?
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Thankfully online education will make the entire Minister of Education irrelevant in the future.
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Some polls are now putting Clegg in first place.

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Faber warned that the "ultimate armageddon" would be much worse the next time around, as "governments will go bust", which would lead them to print more money.
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This school principal seems to have forgotten who pays his wage.
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Dick Morris dropping a brand new bombshell on Bill Clinton
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This should encourage a return of the consumer.
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Yet more doom
Prechter Stands Alone Again... He's Done the Math
by Neil Beers

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