Kerry Lutz's--Financial Survival Network

Few things shocked America and the World like the attacks on 9/11. Without getting into a debate over whom was responsible, it's time to take a hard look at the rebuilding process taking place in Lower Manhattan. There's been a veritable feeding frenzy. Billions have been looted and wasted. The economic policies behind the original World Trade Center were flawed and those behind this one are even worse. Listen to the analysis. There's information here you'll find out elsewhere. 

Monday with Andrew Hoffman

• Bubbles-more evidence of a bubble collapsing margin debt and unprecedented corporate debt;
• BOA down 6 percent because they cancelled dividend increase and stock buyback;
• Abenomics—Japan dead in the water;
• China—currency at new multi-year lows;
• Ukraine ramping up;
• Shanghai future exchange-silver inventory drop;
• Silver eagles being rationed by the US Mint;
• FOMC meeting Wednesday-whatever will they talk about.

John says it’s not easy being a mainstream economist. You spend your life building models that become your professional identity. And when those models fail to describe and predict reality, you’re left wondering about the meaning of it all.

The latest case in point is US housing. Keynesian economic models say that if you lower mortgage rates you get more houses bought, sold and built. A nice, simple piece of cause and effect. But today’s mortgage rates are at levels that would have incited a buying frenzy a generation ago, employment is rising — and home sales, home building and mortgage originations are all flat-lining.