Rhett

Foreclosure Moratoriums: It's Time to Get Real

The ultimate solution is to let housing prices find their "natural" market level. They're going to do so anyway, whatever Obama, Inc, does.

Can the Banking System Handle Huge New Write-Downs?

There are always people out there who will buy what they can't afford if someone will sell it to them. Should that be a surprise? Debt is what our consumer economy is based on. And now that collective consumer debt is too much for monthly payments, the government is coming in to re-negotiate debt on hoiusing so that overall consumer debt can still be sustained by monthly payments. Obviously, this only postpones the inevitable collapse of the debt economy, but the idea is to keep it going as long as we can. Buy that furniture and make no payments until 2012! Buy that car for no money down and pay for it over 5 years! E-a-s-y!

The Financial Crisis Explained

Anyone remember the outcry against banks for "red-lining" areas where loans would be risky? Those banks were eventually coaxed or intimidated into removing the "red lines" and look at the whirlwind we have reaped.

Tuesday, September 2: Week in Review

Insightful review, Jonathan.

Financials and Housing: The Outlook Remains Ugly

None of the comments equal Tilson's insightful analysis. Great job, Whitney!

Wall Street Breakfast: Must-Know News

There is nothing out there to support the proposition that inflation is subsiding or under control, and everything to assure the opposite. The current strengthening of the dollar is clearly a blip that will quickly fade away. Wish it were otherwise, but wishing won't make it so.

Bad News for Housing Stocks, Good News for Homeowners?

You're right, 234339, and the deficiency in simple writing skills is getting worse.

Did We Learn Anything Over the Past Two Years?

It is madness to prop up home prices in this housing market which will inevitably decline until commensurate with salaries of people who buy houses.