Showing posts with label Housing 2013. Show all posts
Showing posts with label Housing 2013. Show all posts
Tuesday, December 31, 2013

Middle Class In Flames: All The Fed Has Done Is Help The Banks

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Naked Capitalism supports Occupy Wall Street. Heh, heh. Does Jeep know? Yves Smith of Naked Capitalism, here : Oh, puhleeze. Robust recovery...
Saturday, December 28, 2013

Mortgaged States Their Grandsires' Wreaths Regret

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"Yet Reason frowns on war's unequal game, Where wasted nations raise a single name, And mortgaged states their grandsires' wrea...
Thursday, December 19, 2013

Libertarians At Forbes Completely Misrepresent The Mortgage Interest Deduction

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Here : The mortgage interest deduction (MID) is the largest personal tax deduction on the books and is widely considered one of the most sac...

Largest Sums Of Federal Revenue Forfeited Because Of The Tax Code, Joint Committee On Taxation, 2012-2016

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$706.6 billion: exclusion of employer contributions for healthcare, health insurance premiums and long term care insurance premiums. $596.0 ...
Friday, December 6, 2013

Barack Obama's Unemployment Record Is Now Worse Than Reagan's

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Having grown up in the 1960s and lived through the terrible employment situation which prevailed in this country off and on from 1975 arguab...
Monday, November 25, 2013

Crony Socialism: Fed Profits On College Student Loans Rank Third Behind Exxon-Mobil And Apple!

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Or is that socialist cronyism? Anyway, those thirsty blood suckers in the federal government made $41.3 billion off the nation's college...
Friday, November 15, 2013

"Most Investors Will Hold All The Way Down"

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John Hussman, here , last Tuesday: 'While we can make our case on the basis of fact, theory, data, history, and sometimes just basic ari...
Sunday, October 27, 2013

LA Times Floats ObamaCare Weasel Word Excuse: We Only Meant SOME Could Keep Their Insurance

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Here : Still, many are frustrated at being forced to give up the plans they have now. They frequently cite assurances given by Obama that Am...
Friday, October 25, 2013

Foreclosed New Jersey Homeowners Staying In Their Homes Rent-Free For YEARS!

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From the story here : "Its happening all over new jersey with Hudson & Cape May ranking the highest, 80% of people remaining in the...
Wednesday, October 23, 2013

Doyle McManus Discovers That The Middle Class Is Becoming The Underclass

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Here in the Los Angeles Times article "Poof Goes The Middle Class", in which the liberal Doyle McManus relies on a libertarian pr...
Monday, October 21, 2013

Vindictive CNSNews.com blames Speaker Boehner for $3 trillion jump in total public debt

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Here : Thus, all spending and borrowing by the federal government are the de facto and de jure—n.b. constitutional—responsibility of the Hou...
Tuesday, October 15, 2013

Janet Yellen's Crystal Ball Utterly Failed Her In May 2007: She Never Saw The Crisis Coming

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(as always, click on the image to enlarge) “Taking a longer view, I anticipate real GDP growth over the next two and a half years [2008 ...
Tuesday, October 8, 2013

Housing Analyst Predicts 20% Decline In House Prices In The Next Year

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As reported by Bloomberg: Talk to Mark Hanson about the housing market for five minutes and you may find yourself wanting to sell your home ...
Friday, October 4, 2013

Obama Wants A Debt Default To Discredit His Opposition?

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So suggests JT Young, who makes a plausible, although strictly political argument, here , for why Obama might want a debt default: [T]he las...
Saturday, September 28, 2013

10-Year Treasury Rate Ends The Week At 2.64%

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The 10-year US Treasury Rate ended the week at 2.64%, 43% below the mean level going back to 1871. Despite the best efforts of the US Federa...
Thursday, September 12, 2013

Completed Foreclosures In July Still 133% Of Pre-2006 Averages, Starts Down To 7.25% Above Normal

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Corelogic reports here  at the end of August that completed foreclosures in July 2013 ran at a level of 49,000. The pre-2006 average level w...
Tuesday, September 3, 2013

Fed Tapering QE "In Part To Relieve The Collateral Scarcity"

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Mentioned here by Peter Coy: The abrupt shrinkage of the budget deficit this year caused the Treasury Department to cut back on issuance of...
Friday, August 30, 2013

Home Buyers Using All Cash Hits All Time High

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So says the National Association of Realtors, here : Walt Molony, a spokesman for the National Association of Realtors, says that the associ...
Thursday, August 29, 2013

Ironman Arrives At The Same Conclusion Reached By The True Born Sons Of Liberty

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TARP is fascism At Real Clear Markets, here : The United States would appear to be well on its way to adopting fascist Italy's political...
Saturday, August 24, 2013

Mortgage Securitization Only Works At The Expense Of Taxpayers And Banks

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So says Arnold Kling for The American, here , who provides a useful summary of crony capitalist rent-seeking since World War II: At this poi...