housing crisis

It’s not too soon to worry about the US economy. There are things worse than slow growth.

Summary: Here’s another status report on the US economy.. Most economists expect faster growth. Perhaps so, but there are dark spots in the picture. Concerns about unsustainable auto sales, weakening exports, and (the big one) the mini-housing boom rolling over. . Expectations run high for the US economy, an acceleration from the 2%/year GDP growth …

It’s not too soon to worry about the US economy. There are things worse than slow growth. Read More »

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Deflating the housing bubble – an update

Summary:  Since the first post here about the housing crisis in December 2007, it’s been described here as not just a central piece of the economic weakness but a illustration of our political dysfunctionality — our inability to use a crisis to identify structural weaknesses and generate the pressure for their reform. Here’s an update …

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An important article to read about another example of the fading rule of law in America

Summary:  An important article at Harper’s, one every American should read, about the Mortgage Electronic Registration Systems (MERS), created in 1995 by the banks to circumvent property and mortgage laws in the US. “What’s happened is  that, almost overnight, we’ve switched from democracy in real-property  recording to oligarchy in real-property recording. There was no court  …

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More use of the big lie: shifting the blame for the housing crisis

Summary: Weakness always produces aggression by the strong, and we have chosen to be weak.  In America the mode of conflict is information.  Conservatives have worked long and hard on their information programs (aka propaganda).   Their decades of skillfully conducted work have earned large rewards, advancement of their policies to the benefit our ruling elites.  This …

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