Real Estate Rolling Over — Everywhere
The double dip in the US housing market isn’t unique, based on all the similar reports popping up around the world. Here are four from
The double dip in the US housing market isn’t unique, based on all the similar reports popping up around the world. Here are four from
The idea that there were pain-free solutions to the mountain of debt the world has taken on was always a delusion. But it was one
For a couple of years now it’s been clear that the world was about to fall apart, with the only question being which local failure
The following three stories would be funny if the picture they paint wasn’t so sad. First this: Second-Mortgage Misery Almost 40% of homeowners who took
Today’s Wall Street Journal has a short piece by American Interest editor Walter Russell Mead on how November’s election changed things for California, Illinois, and New
Here’s another take on the inflation/deflation debate from Council on Foreign Relations senior fellow and Financial Times columnist Sebastian Mallaby: Forget Jesus and ask the
This week the focus shifted from Europe, where (apart from the French World Cup team) things are quiet, to the US, where state budget deadlines
A couple of articles appeared today that couldn’t be more different in tone, content, or point of view, but dovetail in a really disturbing way.
On its long journey to the land of bankruptcy, the Western world recently arrived at the last and most important crossroad. One branch led to
Here’s a study from Northwestern University’s Kellogg School of Management that ties in nicely with the muni bond collapse / federal bailout of the states
So I’m sitting here trying to turn a pile of (mostly terrifying) data on muni bonds into a post that explains why this is the
GlobalEurope Anticipation Bulletin (GEAB), a European newsletter that “brings you its unique analyses on the upcoming stages of the collapse of the world order created
Of all the surreal choices the U.S. has made in the last few years, the strangest might be our decision to put the people who
In response to Why Would Anyone Buy a Spanish Bond?, reader RAID 3000 pointed out that the U.S. has far more serious problems than Europe
With Greece hogging the headlines, it’s important to understand that what it represents is more important than what it is. With maybe 2% of Europe’s
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