Showing posts with label Housing 2014. Show all posts
Showing posts with label Housing 2014. Show all posts
Tuesday, December 30, 2014

Alan Greenspan is expecting mediocre GDP in 4Q, says housing and investment must recover to fix it

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Quoted here at Bloomberg: Greenspan said the economy won’t fully recover until American companies invest more in productive assets an...

Libertarian Real Clear Markets trots out no less than THREE screeds against housing today

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Libertarians really hate the idea that people want to get married, settle down and have children . . . you know, producing fu...
Sunday, December 21, 2014

Obama says you're better off than when he took office, except you are not

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click to enlarge Obama says, quoted here : "Like the rest of America, black America in the aggregate is better off now than i...
Saturday, December 20, 2014

The latest snapshot of the asset allocation of the United States is "risk on"

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Total bond market per SIFMA through 3Q2014: $38.65 trillion (49.8%) Total stock market capitalization per ^W5000 right now: $26.07 tri...
Friday, December 19, 2014

Liberal WaPo defends economist who says middle class is just fine because of . . . transfer payments!

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Where have I heard this before? Consider The Washington Post, here : "CBO saw a dramatic difference in middle class income ga...
Sunday, December 14, 2014

Despite big declines, completed foreclosures in October 2014 are still running 95% above normal

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So says Corelogic here . Completed foreclosures in October 2014 came to 41,000 nationally, 20,000 higher than the 2000-2006 average of...

Stupid things heard on the Steve Gruber Show radio program last week

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Both the AM drive-time host, Steve Gruber, a libertarian for whom every opponent is taken as a challenge to his manhood, and his weekly ...
Friday, December 12, 2014

Despite trillion$ in Federal interventions, the homeowner piggy bank remains barely half full

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Thursday, December 11, 2014

TCMDO expands at $1.27 Trillion annually 2007-2014 vs. $3.21 Trillion annually 2000-2007

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The pace of debt creation has contracted by over 60% in the most recent seven year period as housing and banking hit the brick wall.
Wednesday, December 10, 2014

People believing in the American dream at lowest level in two decades, despite so-called economic recovery

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The New York Times reports here : "The poll, which explored Americans’ opinions on a wide range of economic and financial issues,...
Sunday, November 16, 2014

There's the poverty level, and then there's "the working poor": United Way releases ALICE data

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Key to ALICE calculations is assessing when more than a third of income goes to rent/housing, which usually happens when a good job goes...
Monday, November 10, 2014

Democrats lost last week simply because voters tired of waiting for full-time jobs to recover

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Examine the record here of full-time job losses in recessions since 1969 and you will see that full-time jobs ...
Wednesday, October 29, 2014

Completed foreclosures in September still 119% above normal

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Corelogic reports here that completed foreclosure activity reached 46,000 nationally in September, 25,000 above the normal 21,000 level b...
Wednesday, October 15, 2014

America's engine of credit creation, housing, is still flat on its back despite recovery from the bottom

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America's engine of credit creation, new housing starts, is still flat on its back despite a recovery from the bottom. The fact of t...
Saturday, October 11, 2014

The irony: The Arab street views the Christian West as as anti-capitalist as itself

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From Hernando de Soto, here : For the poor in many Arab states, it can take years to do something as simple as validating a title to r...
Friday, September 26, 2014

Bush GDP vs. Obama GDP, same point in their presidencies

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GDP under George W. Bush 5.5 years into his presidency was up nearly 35% nominal. Under Obama GDP is up nearly 18%. Based on that, evi...
Sunday, September 7, 2014

Richard Duncan gets creditism wrong three ways

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Richard Duncan gets creditism wrong three ways here  for The Daily Reckoning last July in "Creditism and the Threat of a New Depression...
Wednesday, August 27, 2014

The housing riot: Average time in mortgage delinquency is 2.7 years nationwide, 4 years in New York State

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Lawlessness and mayhem isn't just for po folk in Ferguson, Missouri, where law enforcement was overwhelmed by the bad actors doing milli...
Friday, August 22, 2014

Federal Reserve banks rob the people a minimum $400 billion annually through ZIRP, so far have paid just $125 billion in fines for financial crisis crimes

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Bank of America is a chief offender appearing in the lists. The latest fine against it, among others, is detailed here : "The B...
Sunday, August 17, 2014

Rex "The Nut" Nutting commits drive by shooting of American savers, misunderstands excess reserves

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The resident communist at MarketWatch weighs in  here : Sure, people need to keep some money handy to pay their bills and some folks might h...