Bond Yield: Down to 3.51% @ 8:36 am

George Soros to invest $50M in a new think tank to study why greed, selfishness, and avarice are not reasonable pillars of an economic foundation?  Read more…

The group, to be called the Institute of New Economic Thinking, will gather luminaries in the field of economics to reflect on the ideas that allowed the latest economic crisis to transpire and to bring new ideas to a profession that some argue has become too deeply entrenched in free-market ideology.

Home prices continue to climb.  If you want to buy, better get to it soon.  See article…

Home prices in 20 U.S. cities rose in August for a third consecutive month, bolstering the case that an economic recovery is at hand.

Commenting to CNBC, this economist thinks the stock market is overvalued by 20%.  See article here…

“It is overvalued by at least 20 percent,” Rosenberg, formerly chief economist at Merrill Lynch and now with Gluskin Sheff, said in a live interview. “But it comes down to what your view in corporate earnings (is) going to be. By the time you’re up 60 percent from any egregiously oversold low, you’ve already got the earnings recovery.”

Another admirable post in The Baseline Scenario.  Read post…

“…if real market pressures aren’t ever going to apply—then it may be time to start thinking of large banks as natural monopolies, to be treated like regulated utilities.”