Today’s Housing Bubble Post — How Low?
This morning I wrote, We’ll see a bottom when the average person can afford to buy an average house – and wants to. We are a long, long, long way from that now — and keep in mind that we’re about to...
View ArticleToday’s Housing Bubble Post — Here We Go Again!
Haven’t had enough of foreclosures and financial crises? Don’t worry, there’s more to come. This pretty much guarantees it: Fannie Mae eases down payment rules, Fannie Mae said Friday it is easing...
View ArticleToday’s Housing Bubble Post — Home Prices Falling At Record Rate
Home prices fell at record pace in first quarter, Prices of single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last...
View ArticleToday’s Housing Bubble Post — When Will Prices Stabilize?
I’m hearing a lot of talk about plans to “stabilize” or “prop up” housing prices. Plans include cutting interest rates, providing tax credits, etc. in order to “keep prices from dropping too far.” Here...
View ArticleStunning New Budget Demands From California’s Republicans
This post originally appeared at Speak Out California Tuesday I wrote that Republicans were demanding mass layoffs of public employees — during a recession. And they are getting away with it because...
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Today’s Housing Bubble Post – Back To Issuing Warnings
Oddly enough I find myself back in the position of warning that the housing market may be heading to a terrible crash in the near-future. The bubble mentality has not changed at all and appears to be...
View ArticleThe Bonuses and the Damage They Do
This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture as part of the Making It In America project. I am a Fellow with CAF. This is a story we are all too...
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JOBS: Romer, Leaving WH, Says More Stimulus Needed. Right Says Stimulus...
This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture as part of the Making It In America project. I am a Fellow with CAF. Before I start this post, let’s...
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Can’t Get By On $250K? Try Leaving Your Bubble!
This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF. The Washington Post ran a story how hard it is for a family making only $250K a...
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There Is Consensus On How To Fix Economy
“There was clearly something wrong with the U.S. economy long before the crash.” Consensus Consensus. Again and again, people who examine what went wrong with our economy leading up to the great...
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