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    Economics / home prices, housing permits, housing starts, real estate /

    Housing: Nothing Good to Report

    January 19, 2011

    The slump in the American real estate industry continues unabated. There is no news in that I suppose, and I fully expect the slump to last quite a bit longer. The bubble was that bad. Today’s report on house construction merely highlights the extent of the damage: construction of new homes fell 4.3% in December […]

    Politics /

    [Way] Off Topic: Religion in Politics Alabama Style

    January 18, 2011

    I find it sad when I come across tangible evidence of how far from its moorings American discourse has slipped. The very ground rules are so different from those I cam across when I first came here in the late 1970’s. Sometimes I try to tell myself that I am imagining things. And that the […]

    Economics / bailouts, bank reform, banking, Geithner /

    Geithner’s Foot in Mouth Problem

    January 18, 2011

    Tim, did you just say what I thought you said? Did you just say that the government stands by to step in when banks get into the trouble in the future? If so, then what of that great reform last year? The Frank-Dodd reform. The one that was sold to the public as the solution […]

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