The foreclosure crisis in the U.S. is dying a very slow death. Even though there are many fewer homes entering the foreclosure process now than there were before the housing bubble burst, two-thirds of all home loans in some state of foreclosure were originated between 2004 and 2008, according to the most recent foreclosure report from RealtyTrac. 833 more words
Tags » Housing Bubble
The Bay Ridge couple I recently saw in the Whitehall Street subway station☆ may provide a clue about the fate of the US economy.
But I should first describe Bay Ridge, so that you can see what I mean. 1,236 more words
David Stockman, former director of the Congressional Budget Office under Reagan and successful investor, is one of my favorite economic writers. I consider Thomas Sowell to be the greatest living master of economic rhetoric, but David Stockman is definitely the greatest living master of unifying data, theory, and conclusion into readable articles. 609 more words