One of the most frequent questions people are asking me is when and how will this crisis end? Unfortunately there is no clear answer,so perhaps we should go back in time and look at our policy options in the context of past recessions. First: the usual way we get out of a recession is through […]

The next component of the ongoing economic policy roll out is the housing support announced by Obama yesterday. The real estate business is the epicenter of our current crisis so calming things down in housing is essential to the success of the whole economic recovery plan. Here are the details of the plan, from this […]

Well done California. A temporary reprieve from disaster and an opportunity to spend some time pondering the medium or longer term actions necessary to get control over its fiscal house. But at what a cost. The stupidity of the last few months has been the nature of the discussions. The Democrats and the Governor had […]