Economic myths

As I read mainstream economic news

stories, I see a few myths that are

repeated without any evidence.

Here's a few:

1) housing recovery is robust

Nope, the market is bouncing off the

bottom without any robust growth.

Average resale price has climbed 6%

last year mainly because fewer houses

were foreclosed.  And the slowdown in

floreclosures was the legal mess caused

by Fannie/Freddie promoting paper-less

mortgage trading and judges requiring

paper documents.
http://www.reuters.com/article/interactive/idUSBRE92Q0M420130327?view=small&type=gc03

2) the Fed is printing too much money

Nope, they injected lots of liquidity back

in 2009 but the money printing has been

relatively slow since then.  Plus velocity
of money has been slowing.
http://jessescrossroadscafe.blogspot.com/2013/03/the-fed-is-printing-money-but-where-is.html

3) companies are sitting on lots of cash

Nope, while the amount of cash is higher

it is not really out of historical ranges when

compared to overall corporate valuations

or debt levels.
http://www.financialsense.com/contributors/neeraj-chaudhary/2011/12/15/the-corporate-cash-myth