Lance on Dec 19 2008 | Filed under: Government policy, Housing Market, economy
I have already given the only measure that I think makes sense when it comes to the housing crisis, but people keep coming up with others. Like most of the ideas coming out to deal with this crisis, Glenn Hubbard and Charlie Mayer try to convince us that the way to deal with our credit [...]
Lance on Sep 30 2008 | Filed under: Dollar, Economics, Federal Reserve, monetary policy
The Federal Reserve has for a long time eschewed increasing the money supply directly, and instead has manipulated credit to affect the economy and control inflation. This has led to three important things which are in my opinion at the root of this crisis.
Asset price inflation (at least initially) as opposed to broader price inflation.
A [...]
Lance on Jan 30 2008 | Filed under: Economic Indicators, Housing Market
youwalkaway.com
I really have little to add to my declaration of extreme discomfort.
H/T: Barry Ritholtz
Much more on this here.
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