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  • Re: the bubble?

    That theory sounds good but like Michael, I don't see any debris. We're combing the Seattle housing market looking for a house along almost exactly the same parameters as the Newmans, and it does not feel like an aftermath to us. Houses are still selling for thousands above list price and anything that's any good has mutliple offers and sparks a ...
    Posted to Newmans Own by aradileepan on May 12, 2009

  • A Plan to Bankrupt the World

    This is the second time McCain has referred to a plan to freeze federal spending in an effort to balance the budget. Just picture the thousands of things a government spends money on every day. The government spends about $17,000 for each taxpaying household in the USA. Suppose they froze half of that and spent only $8,500 per household. Earlier ...
    Posted to Politics by brerlou on October 8, 2008

  • Depression, Recession, Trickle-across Economics and the Poor

    (... the rest of the world is producing more goods more cheaply than we are, so we are finding fewer and fewer jobs for our citizens. Everything else devolves from that.) (From automobiles (Ford), to airplanes (The Wrights), to electronics (Morse & Edison), to computers (Intel &Microsoft), time and time again this nation has been ...
    Posted to Explainer by brerlou on October 2, 2008

  • Re: Makes No Sense

    Printing money is not a solution. That would merely cause the cost of government borrowing (and by extension all other borrowing) to go so high as to be the equivalent of hitting the 'emergency stop' button on the economy. The bond market is incredibly powerful, and will remain so until the international debt financing model finally collapses. ...
    Posted to The Bottom Line by Stoneleigh on August 19, 2008

  • Re: Crunchonomics: What The Econophysicists Say

    If you're interested in financial models based on human herding behaviour, check out Robert Prechter's socionomics at elliottwave.com. Such discussions also occur regularly at The Automatic Earth (http://theautomaticearth.blogspot.com), where you can find coverage of the credit crunch seven days a week. Human herding behaviour makes markets ...
    Posted to The Bottom Line by Stoneleigh on August 18, 2008