Juggling Dynamite

It’s still too soon to call a bottom in housing, much less the start of a boom, says Yale University economist Robert Shiller. Here is a direct link.

Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP, talks about the performance of the U.S. bond and stock markets and investment strategy. Jeff does an excellent job of talking sense in this broad-ranging segment.Here is a direct link.

The answer to this math is obvious: cut spending across the board, cut entitlements and increase designated revenues to fund the commitments that remain. And no the debt ceiling should not be increased. History assures us that humans with runaway spending rarely find discipline and better habits until the line of credit ends. Perpetual increases will only continue to escalate the problems. CNBC’s Rick Santelli takes a close look at U.S. debt estimates since 2000, and explains why the rating agencies have yet to weigh on the fiscal cliff issues. Here is a direct link.