Dec 24th 2010 @ 8:00AM
Housing Market 2011: As Rough As 2010" alt="Housing Market 2011: As Rough As 2010" />
Looking back on 2010, the year in real estate was, in a word, terrible. Property values continued to fall, foreclosures rose, and even the lowest interest rates in 50 years seemed to have little positive effect on the property market. For U. S. real estate, 2010 was the year of failed government intervention where ... Continue Reading »
Jun 11th 2010 @ 2:00PM
Greenspan's 'No Housing Bubble' Prediction, 5 Years Later" alt="Greenspan's 'No Housing Bubble' Prediction, 5 Years Later" />
This week marks the fifth anniversary of then-Federal Reserve Chairman Alan Greenspan's observation that there was no housing bubble to worry about: "Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home ... Continue Reading »
Apr 8th 2010 @ 8:30AM
Greenspan, You're No Bill Gates" alt="Greenspan, You're No Bill Gates" />
Testifying yesterday before the Financial Crisis Inquiry Commission, former U.S. Federal Reserve chairman Alan Greenspan defended his 21-year tenure at the Central Bank, saying it wasn't he who inflated the housing bubble that caused the Great Recession. While mistakes were made, Greenspan admitted, he claimed to have ... Continue Reading »
Mar 29th 2010 @ 2:30PM
Best Protection Against Another Housing Bubble May be a Generation's Painful Lessons" alt="Best Protection Against Another Housing Bubble May be a Generation's Painful Lessons" />
The market value of your house is down 20 to 30 percent from its peak and could have further still to go. Jobs are scarce and the idea that home values will rise again seems remote. But this, too, shall pass (yes, your home value will eventually recover). And I can tell you exactly why -- psychology. The good news is ... Continue Reading »
Mar 26th 2010 @ 12:15PM
How Bush's Secret Plan to Fool Saudis, Chinese With Loan Money Backfired" alt="How Bush's Secret Plan to Fool Saudis, Chinese With Loan Money Backfired" />
Yesterday, I wrote a post titled "Who Killed M3?" that explored a Bush-era decision to stop tracking a key measure of money supply, and its link to the housing bubble. Today, I explore that further. What did George W. Bush have against M3 that made it important enough to risk the world economy to get rid of? It was an ... Continue Reading »
