Posts tagged "recovery"

Hey, GOP: Don't screw up the economic recovery.

The good news: Americans have started borrowing again. The bad news: Americans have started borrowing again. Actually, it’s big news, whether good or bad, because it represents a major change in consumer behavior since the economy began tanking in 2008. It means that for whatever reason, borrowers have enough confidence to once again go into... Read more »

Here we go again: 'Bonds Backed by Mortgages Regain Allur'

Amazing. Does it signal that the real estate market is bottoming out? Here are some interesting observations found in the New York Times: ¬†Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart. Having reaped big gains during both of those turns, Greg Lippmann, a former star trader... Read more »

Why not just give them the money?

Phil Velasquez / Chicago Tribune / A downtown sign touts a stimulus-funded road construction project. An Illinois congressman has introduced a bill to ban the signs, which he calls taxpayer-funded political propaganda. Now comes news that Los Angeles Public Works Department spent $70 million in our stimulus money to create seven private sector jobs and... Read more »
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Housing market B.S.

Here’s someone who managed to get his name in print by predicting that the housing market won’t recover until 2013.  This, of course, is total baloney. Here’s some new figures indicating that the housing market already is turning around. My wife, who is in residential sales, also notices an upturn in activity and some good... Read more »
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