This Just In: Government Intervention in Housing Market Didn’t Work

September 7, 2010 by  
Filed under Economics

Maybe the voices (including mine) that have been calling for allowing the housing market to seek its own level will finally be heard.

Even the New York Times is now questioning the wisdom of using artificial measures to attempt to quash the epidemic of foreclosures and the decline in real estate values. Read more

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Real Estate Stimulus Fail

August 24, 2010 by  
Filed under Economics

For two years I’ve preached that artificial means to prop up an inflated real estate market are not permanent solutions. Obama and his economic advisors (who are gradually jumping ship) thought otherwise. Can you guess where this is going? Read more

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The BP-Induced Economic Hangover

June 16, 2010 by  
Filed under Economics

President Obama made promises last night on behalf of the federal government for which there is no present money to fulfill. Millions of gulf coast residents will be expecting billions of dollars to flow their way and not just from BP. Indeed, I will not be surprised if BP is forced into bankruptcy and/or becomes a takeover target. Read more

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Municipal Bonds for Junk Collectors

June 1, 2010 by  
Filed under Economics, Investing

Poor financial management exists at all levels of government. City politicians have to buy votes too. Also, local politicians and bureaucrats are more likely to be naive in their thinking about where the money will come from to pay for everything. It’s no surprise, then, that we have cities staring bankruptcy in the face, including a state capital. Read more

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Bracing for Second Real Estate Collapse?

May 4, 2010 by  
Filed under Economics

Recent reports of home sales and pending contracts are favorable. But is this just the calm before a second storm? Typically, the economists can’t seem to agree. Read more

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Investing for a Worst Case Scenario

April 29, 2010 by  
Filed under Economics

The past two years have seen endless bailouts and rescue attempts initiated by the government toward those who are financially inept, clueless, or reckless (e.g., Wall Street). (OK, in some cases – a minority – the bailees have just been unlucky.) Some folks think that these massive government interventions will lead to a more calamitous economic conditions in the coming years. Read more

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The Questionable Logic of Extended Unemployment Benefits

April 18, 2010 by  
Filed under Economics

Congress has again extended unemployment benefits, this time June 2. I’ve lost count of the number of extensions that have been passed and the billions that have been spent. This won’t be the last. Our President wants to extend them through the end of the year. He really means through Election Day but he can’t say that for public consumption. Besides, what’s a few billion here and there when votes are at stake? Read more

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U.S. to Increase Homeowner Aid

March 26, 2010 by  
Filed under Economics

The title of this post should probably be “Honk if I’m Subsidizing Your Lousy Mortgage – Part II.” Read more

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Stimulus Money and Academia

February 26, 2010 by  
Filed under Economics

Our local paper published a long piece today about use of our tax dollars. The article is entitled “VU puts stimulus funds to work.” The writer and Vanderbilt University are boasting about Vanderbilt having snagged $87 million in stimulus dollars to fund 194 difference academic research grants. Read more

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Hard Truth Weekly Reader – Shall We Panic?

February 13, 2010 by  
Filed under Economics

This is a week for considering not how things are in the world of personal finance, but how bad they can become. If you are inclined toward getting in a funk after reading negative predictions, you might want to skip this post. If you are willing to read some hard truth to guide your own money decisions, I’ve got some helpful stuff for you. Read more

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