Posts tagged as:

Housing Bubble

Foreclosure Settlement Fixes Nothing

February 9, 2012

The housing bubble was the biggest financial bubble in history.  Banks gave loans to people who couldn’t afford them, then sold mortgage-backed securities to dupes around the world.  Then, a circle firing squad of financial nitwits decided to insure the securities all along the way.  Times were good until about 2007.  By September 2008 Lehman [...]

Read the full article →

Higher Ed Bubble on the Brink

July 21, 2011

Election and political guru Michael Barone has an interesting article about what he sees as the next financial bubble to burst:  higher education.  He makes the argument that higher education costs have all the hallmarks of a bubble, especially since government intervention has coincided with huge tuition increases beyond the rate of inflation. It’s very [...]

Read the full article →

State of the Housing Crisis

February 11, 2010

Although most people look at the current economic crisis as a financial crisis on Wall Street, the truth of the matter is that the crisis stemmed from an over-inflated housing market that became over-inflated due to government policy.  As we are looking to find signs of a recovery, we should look towards the real estate [...]

Read the full article →

The “Unexpected” Drop in Home Prices

January 25, 2010

Ok, can we drop the term “unexpected” when we talk about financial data?  I can’t remember when I’ve seen “unemployment figures fell as expected.”  You see, analysts bet on a particular number (i.e. 500,000 jobs lost) and when that number comes in over or under, it is “unexpected.”  For something to be “expected” it would [...]

Read the full article →

Housing Bubble, Take 2

September 25, 2009

We all know that the sub-prime mortgage mess precipitated a housing bubble that got us into this economic disaster we now find ourselves in.  Yet while many are trying to convince us that the economy is recovering, further disaster looms on the horizon.  Without getting into the whole dangerous situation that the massive amount of [...]

Read the full article →