Déjà vu all over again. Another spring, another housing-recovery chorus. The grass turning green ... another turning of economic corner. The days are longer, oil prices are higher, a new fatal shortage nigh. With the vernal equinox, Fed easing must be overdone, bond yields are rising, the easing propelling inflation trading and the stock market. Spring, and the sweet scent of horse manure. Birds are chirping, leaves and blossoms bursting open, but the economy is still largely where it has been since bouncing off bottom in the spring of 2009. Home sales are not rising, new or used. Prices may have flattened, but are not going up. The distressed "pig in the python" still threatens to depart the pig in alarming mass, volume and velocity. Oil is fooling around $100 a barrel, bu...
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