Draghi — Formerly

Readers who expect an early end to this Great Correction are going to be disappointed. There is no sign of it reaching its conclusion anytime soon. Just the contrary…there’s no end in sight. The Great Correction seems to be going along just as you’d expect. Or, just as we’d expect. Here’s the latest from Reuters: Home prices fell more steeply than expected in November, and consumers turned less optimistic in January, highlighting the hurdles still facing the bumpy economic recovery. The S&P/Case-Shiller composite index of single-family home prices in 20 metropolitan areas, released on Tuesday, declined 0.7 percent on a seasonally adjusted basis, a bigger drop than the 0.5 percent economists expected. Separately, an index of consumer attitudes fell to 61.1 in January from 64.8 the ...