Fears of a New Bubble as Cash Pours In Source: Wall Street Journal
Concerns are mounting that efforts by governments and central banks to stoke a recovery will create a nasty side effect: asset bubbles in real-estate, stock and currency markets, especially in Asia.

This is part II of my article on the myth of a strong economic recovery, as both the mainstream media and financial media (for the most part, now really part of the mainstream media) misreport the economic news--after misreporting the economic news exactly the opposite way when a …

If I wrote a cheery article about the bright and sunny, overly optimistic upturn in the U.S. economy, I would have my head handed to me by my Friends on newsvine.
Housing Boom Inspired RelocationsSource: roadhouserealty.net
A side-effect of the housing boom, and now the housing slump, is just now coming to light. The number of people that actually moved to different cities, hoping to capitalize on the growing market, increased significantly.
Foreclosure rates reach record highSource:
The foreclosure rate for March 2009 hit a new record high of 803,489 properties, or one in every 159 housing units, according to a RealtyTrac report. Foreclosures rose by 17 percent over one month, from February to March, and by 46 percent since March 2008
Obama would regulate new 'bubbles'Source: Politico
As he battles the economic downturn, President Barack Obama is bracing Americans for a recovery different than any in recent memory – not a go-go return to prosperity like the 1990s but a slow, steady climb to stability.

Highlights from reading Sunday NYTimes and Seattle Times (the dead-tree versions). In no particular order (so sue me!):
Banks aren't reselling many foreclosed homesSource: The San Francisco Chronicle
A vast "shadow inventory" of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.
Will house prices ever recover?Source: lovemoney.com
Commentators have been competing to produce ever gloomier property market prognostications for months, but now we have a clear winner.
Last week, City bank Numis Securities trumped all rivals by claiming among house prices would fall by another 55%.

"...if the economy is bad, why don't we just change it?"
Let's say this little boy name is Tommy. What your answer be to help him understand? Will it be an argument of left or right?
Zero Gravity Water bubbleSource: YouTube
This link will take you to a video of a water bubble as big as a human head, reacting to kinetic energy in a zero gravity environment.

Even after years as a corporate economist, I could hardly comprehend the pride and arrogance that exists within the minds of the banking mafia were it not for one simple fact.
Lynched at MerrillSource: FT.com
Even at the end, after presiding over the worst performance in the 94-year history of Merrill Lynch, and as Bank of America pinned the blame for a bonus payment scandal squarely on his back, John Thain did not seem to know what was about to befall him.
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Life Without Bubbles Source: The New York Times
Whatever the new administration does, we're in for months, perhaps even a year, of economic hell.