Obama's (Latest) Surrender to Wall Street 
By MICHAEL HUDSON 

In reaching across the aisle for Republican support – and no doubt future campaign contributions from the financial sector Pres. Obama is morphing into Joe Lieberman. There also is a touch of Boris Yeltsin in his sponsorship of a financial “reform” ominously similar to what advisor Larry Summers backed in Russia – relinquishing government power to a banking elite. The Financial Regulatory Reform proposal promotes Wall Street’s “product,” debt creation, at the expense of the economy at large, and lets financial chieftains continue to self-regulate the debt industry – and to keep scot-free all their gains from the past decade’s worth of fraudulent lending. ( Learn more at )

One Must Not Confuse

One must not confuse speculation in China for "green shoots"
One must not confuse speculation in China for hyperinflation in the US
One must not confuse increasing commodity prices for inflation while ignoring a massive collapse in credit and an even bigger collapse in credit marked to market.

Given there has never been a hyperinflation in history where home prices have crashed, I have one question: Where are the hyperinflationist's recommendations to buy houses? Where? Please don't be a wimp about it. Is any hyperinflationist recommending houses?

OK so inflationists like gold. So do I, as a deflationist. However, in housing, and only housing can one put down 10% and control and asset for decades. Housing is (or should be) a hyperinflationist's dream come true.

Falling home prices remain the nut that hyperinflationsts just cannot escape. Yes, home prices will bottom, perhaps years from now, perhaps even next year. Then what? If you truly believe hyperinflation is coming, then housing is a sure thing. Go for it. (learn more at )