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Economics

Home Building Recovery Predicted for 2010

Single-family construction is expected to be at the top of the list of new construction recovery by 2010. Economists from Freddie Mac, IHS Global Insight and National Association of Home Builders all agree that new home construction will begin to recover by the third quarter of this year and increase dramatically into 2010.

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The Worst of All Outcomes: Inflation Plus Deflation

OPEC has just concluded its latest ministerial meeting, having decided to keep production quotas as they are. The oil cartel must be commended for their able management of the market. 2008 saw an extraordinary price spike which contributed significantly to the global recession. It was followed in short order by a price collapse threatening to bankrupt some of the oil producers. OPEC successfully weathered both, bringing oil prices back within a range tolerable for both oil sellers and users.

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