"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Barron’s reviews “Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan’s Bank.” Greenspan, who left the Fed in 2006 but is still consulted as a genius, might find a metallic exoskeleton exceptionally comforting come May, when the…
Mish has charts and a detailed explanation. What’s striking to me is the amazing calm before the storm. That decreased volatility was like being in the eye of a hurricane, and somehow not knowing it. The short version of this…
Median family income dropped slightly from 2000 to 2007. This supposedly during a period of expansion and a real estate boom. “We have had expansions before where the bottom end didn’t do well,” said Lawrence F. Katz, a Harvard economist…
a completely artificial construct based on cheap water, cheap gas and cheap mortgages. It is now disintegrating,… That’s what happens when thousands of homes are built in the middle of nowhere with no supporting infrastructure or shopping and sold with…
In some especially hard-hit areas, banks and mortgage lenders are walking away completely from foreclosed properties, and not taking re-title to them. This means the homes will be derelict, enough of them will mean entire areas will become wastelands.