Housing Bubble

Patriots, Flags, & Referenda - "We're All Screwed"

"There’s a lesson there. That we seem to have forgotten already. And now have to learn all over again. Through Colin Kaepernick, through the unbelievable Kurdish women’s YPG army, though the streets of Barcelona. Our world is screwed up, and we need to unscrew it."

Are These Two Companies Proof That The Housing Bubble Is Back?

Regulations designed to thwart speculative housing bubbles (regulations that likely wouldn't be required if banks were simply allowed to suffer the consequences of their bad financing decisions) are only as good as the latest business model designed specifically to evade them.

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

Oh Canada - Reflections On An Economic Experiment

"...the real problem is with the Fed’s unwillingness to surprise markets. They are convinced that moves should be telegraphed well in advance.. the Fed is a slave to market expectations...Well, Bank of Canada Governor Poloz is willing to take the other side of this view. Arguing that in normal times, there is no need for such guidance..."