Tag: economics
All the articles with the tag "economics".
King Henry
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. You ha…
One wave of Henry's magic wand and debt disappears
Quoth the AP : Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government m…
The Giant Pool of Money
I finally got around to listening to episode 355 of This American Life . The subject of this episode is the housing crisis. Adam Davidson and Alex Blumberg have done a fantastic job diving into the de…
Oil prices
Some people ( like the US House ) seem to not understand how oil prices are calculated. Luckily, Marketplace has a great introduction to the subject called " Who's getting fat on higher oil prices? " …
The obligation of walking away
Secretary Paulson played the morality card two days ago when speaking about home owners that were in over their heads: Homeowners who can afford their payments and don't have to move, can choose to st…
Which way will it tip?
Housing seems to be reaching a tipping point in perceptions anyway; it is tough to see when it will play out. With money falling from the sky , the govt (via Fannie May) willing to take on loans up to…
Cars and instant gratification
The LA Times exposes some of the craziness that is going on with auto financing these days in New cars that are fully loaded — with debt When Jennifer and Bobby Post traded in their 2001 Chevy Suburba…
Bailouts
This makes my blood boil: Bush to outline 5-year rate freeze plan "...sources, who are familiar with details of the trade group's pitch, said the plan envisions covering subprime loans taken out betwe…
Energy assumptions
Jim Kunstler's latest post is typically inflammatory, but definitely makes for some good reading : The price of oil is up 53 percent over a year ago, creeping up now toward the mid-$90-range. The news…
Greenspan is late to the party
The WSJ has an overview of Greenspan's new book. Currently making headlines is his criticism of Bush & the Republicans: Mr. Greenspan, who calls himself a "lifelong libertarian Republican," writes tha…