Juggling Dynamite

Here is one way to clear out the excess housing supply. Across America, recession-fueled foreclosures and plummeting home values have left countless properties abandoned and vulnerable to looting. As Scott Pelley reports, the problem has gotten so bad in Cleveland, Ohio, that county officials have demolished more than 1,000 homes this year – and plan to demolish 20,000 more – rather than let the blight spread and render nearby homes worthless. Here is the direct link.

U.S. politics putting downward pressure on yields, says Jim Bianco, President of Bianco Research.  Watch the clip here.