Loading ...The quickest way to feel bullish about the US economy is to read Bloomberg’s story on Lithuanian economy shrinking 22.4% in second quarter and South Africa’s unemployment rate of 23.6%. As long as the global commodities are traded in USD and the world reserve currency is the USD, we have little to fear. They also have a story on how the housing price climbed in April from May (go figure, artificial low rates + peak housing season = higher prices). The real test for how healthy housing is will be this winter or next spring when rates are going up. […]