All Commentary
Thursday, January 20, 2011

Housing Gains Predicted

“The housing industry is poised to gain strength this year after coming off one of its worst years ever in 2010, economic forecasts and new data released Wednesday show. One cause for optimism: Building permits for new single-family homes rose 5.5% last month, the third consecutive monthly increase and the strongest showing since March, the Commerce Department said.” (USA Today)

Since the industry is boosted by government policy, this is an illusion of recovery.

FEE Timely Classic
“Mainstream Macro in an Austrian Nutshell” by Roger W. Garrison