INMAN NEWS REPORTS, the 10 year T bill is stuck at 3.55%,  fixed rate mortgages are still at almost 5.5%, and the 30 year T bond at 4.44%.

With the Fed printing money (i.e. ‘quantitative easing’ by the Fed buying treasuries) and doing everything it possibly can to create inflation, people shouldn’t be surprised bond and mortgage interest are more than 6.5% higher than the rate of inflation deflation.

Message to Obama:  heh, the $2 trillion the Treasury has to borrow by selling T bills and bonds to finance the national debt, the $1.8 trillion deficit and Stimulus, only 7% disbursed, ain’t agonna happen without higher interest rates ’cause the foreigners expected to buy ain’t a’ buyin’.

An’ if Bernake keeps a’ buyin’ Ts from the left Treasury pocket ($1 trillion this year) to put in the right Fed pocket ($2 trillion more) it will provoke foreigners ta’ mutiny an’ throw the dollar in the pond, ’cause it won’t be worth nothin’.

Obama: Everyone In The Water Now!!

BLOODHOUND has seen the Google Wave Development preview and predicts bye-bye to existing residential Realtor brokerage practice .

Online sites like Zillow, Trulia, and others do away with the need the public or Realtors  have for local MLS services.  The demise of the MLS for residential home sales has been looming for a couple of years.  All that now ties agents to State and local real estate boards are the form Purchase and Sale Agreement contacts these organizations “approve.”

This is a healthy market development reducing costs for buys,  sellers, and agents.  This may bring an end to 6% commissions as the 6% is actually a cost related problem, not price fixing as has often been alleged.

Let the new Wave Pheonix of real estate practice arise from the ashes of the MLS!

Scrappleface reports on President Obama’s plan to have the FDA regulate “outrage” as a drug, like cigarettes.

Outrage can be habit forming.  Especially if you’re being stuckup by the government.

Dr. Housing Bubble has another optimistic post.  The Doctor, who has been very accurate in his prognosis for the last two years, quotes Fitch’s prediction that nationally home prices will drop another 12%, but will drop an additional 36% in California.

Oh, goodie, just what we need.  Read the whole thing.

It seem everyone is planting a Making Do Garden.

I’m planting radishes, carrots, tomatoes, squash, cucumbers, and other yummy vegetables to weather the Great Recession!

If you’re like me, you may want to review garden planting tips here.