Today’s news is brief but pretty bad, house prices are continuing their sharp fall all across the country. Here’s the announcement of the Case-Schiller index from MarketWatch: Home prices off record 18% in past year, Case-Shiller says – MarketWatch None of this is really unexpected. The housing bubble was insanely inflated and has not yet […]

I have to admit that this comment from Krugman raises an issue I have often pondered about. First here’s his column from today’s New York Times: Op-Ed Columnist – Paul Krugman – Fifty Herbert Hoovers – NYTimes.com This is a fundamental problem for America. It is, for many issues, fifty small countries rather than one […]

Just a quick note. Here is a government table showing the change in unemployment from November 2007 to November 2008: Over-the-Year Change in Unemployment Rates for States The really interesting point to note is that some states that were not part of the real estate bubble are among the losers as well as the more […]