Juggling Dynamite

First time buyers are a necessary cohort to allow other buyers to move up in the housing market as well as those trying to downsize. Ballooning student loan debt is a secular headwind keeping money out of housing. Here is a direct link.

Families of Newtown victims want the tragic memory of 12/14 – the date of the Connecticut massacre — to spur new gun control legislation in the U.S. Scott Pelley reports. Here is a direct link.

After Friday’s disappointing jobs report, JP Morgan Fund’s David Kelly and the Economic Cycle Research Institute’s Lakshman Achuthan debate what it means for the economy — are we entering another recession? Achuthan explains that data says yes. Not surprisingly, Kelly–JP Morgan’s head equity strategist–doesn’t see any grounds for concern. Oh and he thinks stocks are still cheap…but then, always does. Never sees recessions or bear markets, so never has to downsize or sell equity holdings. “Don’t worry, be happy” and all with that lovely Irish lilt. Here is a direct link.