Showing posts with label Housing 2011. Show all posts
Showing posts with label Housing 2011. Show all posts
Thursday, December 29, 2011

Real House Prices Are Back To Q1 1999 Levels

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So calculatedriskblog here :  "In real terms, all appreciation in the '00s is gone." 
Thursday, December 22, 2011

The Economy is NOT Improving: 3rd Estimate of Real GDP Falls to 1.8 Percent from 2.0 for Q3 2011

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What a joke the news is today. GDP is revised down and all you hear on the news is Ho! Ho! Ho! Q2 GDP was 1.3 percent, and Q1 0.4 percen...
Wednesday, December 14, 2011

Bruce Bartlett is so full of it: "More than 90 percent put themselves squarely in the middle"

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No they don't. Bruce Bartlett has no scruples left ( link ): Social class also involves self-identification. According to the General So...

The Increase in the Wealth Gap is Due to the Housing Collapse

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The latest figures from the Federal Reserve ( link : compare lines 4 and 42) show that enormous wealth destruction in housing is the overwhe...
Tuesday, December 13, 2011

Net Worth of Poorest Republican Candidate for President is 10 X More Than 75 Percent of America

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Here's the minimum net worth of the Republican candidates for president: Sen. Rick Santorum: $880,000 Gov. Rick Perry: $1.1 million Rep....
Monday, December 12, 2011

Brookings Institution Must Be Nuts: Says Congressional Wealth Reflects Middle Class

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Brookings Corporate Sponsors I refer to this in USA Today ( link ) back in November: Lawmakers disclose their assets and liabilities only in...
Wednesday, December 7, 2011

Irrational Exuberance in Stocks and in Home Ownership Coincided Beginning After 1994

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Home Prices Are Still At The Top Of Their Historical Range Before The Bubble

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Note the inflation-adjusted similarity of the current index value to the late 1980s and the late 1970s.  This means prices could continue to...

Homeownership Under Obama Hits a New All-Time Low of 59.2 Percent

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Even a broken clock is right twice a day: "This is a make-or-break moment for the middle class and all those who are fighting to get in...
Tuesday, December 6, 2011

The Next Bailout: Think Fed Leverage at 53:1 is Bad? Try the FHA at 417:1.

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So says Fortune ( link ), or else it's curtains for Ginnie Mae: The second catalyst [for government support of housing to decline] is th...
Friday, December 2, 2011

The Fed's Dollar Swap Operation in Europe is a Sign of the Desperation of Monetarism

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So says Jeffrey Snider, here : Rising credit equals rising economic activity, so the advancement of the banking system necessarily and unifo...
Thursday, December 1, 2011

Is Limbaugh High on Painkillers Again?

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After telling us repeatedly in recent weeks that the banks were NOT bailed out, today, 45 minutes into the show, Rush Limbaugh is quoting ap...
Wednesday, November 30, 2011

The New Global Fascist Order Slashes Dollar Borrowing Costs, But Not For You

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It's not fascism when WE do it. As reported here : The U.S. Federal Reserve slashed the cost of emergency dollar loans to foreign banks ...

Household Debt Declines One Half of One Percent, Headlines Scream "Consumers Deleverage"

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What a crock! Total household debt fell $60 billion quarter over quarter to $11.66 trillion. Big whoop! Examples  here  and here . Does this...
Wednesday, November 23, 2011

Remembering the $Trillions Withdrawn from the Housing ATM

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Boy, don't we wish we had those back today. Consider The Washington Post, May 30, 2007, here : According to Fed data, homeowners' eq...
Monday, November 21, 2011

Today's Economy is Already Being Stimulated by a Bipartisan Attack on Federal Revenue

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I'm talking about the Social Security Tax Holiday for 2011, which continues to add $112 billion this year to workers' paychecks as w...

Michael Barone Joins The Liberal Chorus Attacking Progressive Taxation

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You heard me right, the liberal chorus attacking the progressive tax code, in this case the progressive tax code's deductibility provisi...
Friday, November 18, 2011

Internal Migration Hits Record Low, Down Over 75 Percent From 1985 Peak

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Why don't you stretch out on the sofa so you can rest your government handicaps on a pillow? CNBC.com's Diana Olick has the story he...
Thursday, November 17, 2011

The Big Fat Idiot Establishment Republicans Like Rush Limbaugh Won't Replace Your Tax Deductions

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When deductibility of interest expenses in a wide variety of vehicles was eliminated for income tax purposes in the tax reform act of 1986 u...
Wednesday, November 16, 2011

What Fun! Bailouts Crash! Treas. Dept. Says Autos Cost Taxpayers $80 Billion, TARP $57 Billion

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So The Detroit News here : The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by...