Monthly Archives: December 2012

Our Tragedy of the Commons—Austerity That Doesn’t Work

Popular Economics Weekly There is a longer term fiscal crisis that current budget negotiators are ignoring. It is called the Tragedy of the Commons — the long term neglect of common resources and facilities used by all, including our air, … Continue reading

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Housing Prices In “Sustained Recovery”

Popular Economics Weekly The S&P/Case-Shiller Home Price Index October headline was “Sustained Recovery in Home Prices”, as housing inventories continue to drop, while the latest estimates of household formation for young adults in particular are as high as 1.3 million … Continue reading

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Home Sales Surging

The Mortgage Corner Total existing home sales are accelerating, and prices are rising along with declining inventories. Sales that include single-family homes, townhomes, condominiums and co-ops, rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November … Continue reading

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Q4 GDP Growth Improving

Financial FAQs We are seeing faster economic growth in the fourth quarter, even after the upward revision of Q3 GDP growth to 2.7 percent from 2.0 percent. The reason? The 146,000 jump in November payroll jobs, soaring retail sales, and … Continue reading

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Gun Violence Has Too Many Causes

Popular Economics Weekly The tragic Newtown, Connecticut elementary school mass shooting is just the latest in a string of mass shootings that have contributed to more than 1 million dead by guns over the past decade in the U.S.—an average … Continue reading

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2013 Year of Housing Recovery

The Mortgage Corner Wall Street is jumping on the real estate band wagon. Not only are hedge funds now buying foreclosed homes in bulk, reducing the ‘shadow inventory’ of homes with delinquent mortgages, but the record low interest rates are … Continue reading

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Michigan Republicans Repeat Economy Wrecking Doctrine

Financial FAQs Michigan has become the latest Republican-led effort to wreck economic growth in passing a right-to-work laws that restrict unions. With all apologies to Naomi Klein’s Shock Doctrine, Repubs are no longer waiting for recessions to enrich their wealthiest … Continue reading

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