When people hear “housing crisis” now, they mostly think of soaring rents and tight rental markets, but millions of underwater mortgages are still holding back the economy (along with stagnant wages, less job security, lower quality jobs, and other economic ills). While the percentages o[...]
Posts Tagged ‘debt’
Book Review: House Of Debt
Reading this book will help you understand how the housing crash happened and make intelligent judgments about our government’s policy responses to the Great Recession. Finance is dry stuff and most people hate reading about it, but this book has a lot going for it. Most importantly, it’[...]
China Calls for New Money
Aug 6 (Reuters) – China on Saturday condemned the “short-sighted” political wrangling in the United States over its debt problems and said the world needed a new global stable reserve currency. “China, the largest creditor of the world’s sole superpower, has every right[...]
July 26th, 2011 - 9:14 am § in Misc.
Who Pays For The Tea Party’s Excesses?
Republican posturing over the debt ceiling is increasing our national debt Patrick Sharma, postdoctoral fellow, The Bancroft Library | 7/20/11 | , Berkeley Blog One of the most important yet least acknowledged aspects of the debt ceiling drama currently gripping Washington is the fact that Republica[...]