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Tyler Durden ZeroHedge 2/9/2012 While today’s foreclosure settlement deal is by some accounts expected to help the housing market, as the foreclosure pipeline is once again unclogged, it is unclear what this will actually do for price discovery and clearing levels when one considers the already untenable shadow housing inventory, which can be summarized simply […] February 9th, 2012 | Tags: GDP, housing crisis, interest rates, mortgage foreclosures | Category: Banking and finance, Barack Obama, Department of Justice, Housing and Urban Development | Comments are closed
Tyler Durden Zero Hedge 12/21/2011 Just the headlines for now: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN Thank you NAR for proving what everyone knew: that the US housing market is one big lie. And next: here come the historical […] December 21st, 2011 | Tags: foreclosures, GDP, housing bubble, housing crisis, mortgages, pending supply, real estate | Category: Banking and finance, Economy, Fannie Mae, Freddie Mac | Comments are closed
Tyler Durden ZeroHedge 10/19/2011 Earlier today we presented Bloomberg’s Chart of the Day which represented the GDP and Debt per capita on a historical and projected basis, and we hysterically, and tongue-in-cheekly, dubbed it “the scariest chart ever” because it confirmed that at some point, very soon, US Debt will surpass GDP and never look […] October 20th, 2011 | Tags: Debt per capita, GDP, national debt, Treasury bonds | Category: Barack Obama, Cloward-Piven Strategy, Economy, Federal spending | Comments are closed
Bill Wilson NetRight Daily 9/13/2011 In the 2010 elections, Republicans won an historic victory — picking up 63 House seats and 6 Senate seats — predicated largely on the mandate to cut spending and borrowing in Washington, D.C. Republicans railed against the Obama Administration’s proposal to take in more than $1 trillion in new debt […] September 14th, 2011 | Tags: GDP, gold standard, national debt, Republicans, sovereign debt | Category: Economy, Federal spending, Politicians, Taxes, unemployment | Comments are closed
Anthony Martin Conservative Examiner 8/3/2011 In a stunning epiphany that caught even his staunchest supporters by surprise, radio talk show host Rush Limbaugh stated yesterday that “everything we’ve had for the last 20 years is fake.” Rush proceeded to describe his own journey of denial concerning the debt and said that the recent national debate […] August 3rd, 2011 | Tags: Boston University, Enron, federal debt, GDP, President Bill Clinton, President George W. Bush, Prof. Laurence Kotlikoff, Rush Limbaugh | Category: Banking and finance, Barack Obama, Economy, Federal spending, Politics, Socialism | Comments are closed
Bruce Krasting Business Insider 8/2/2011 There is one aspect of the final debt deal from DC that took me by surprise. I was convinced the 2% reduction in payroll taxes would be extended through 2012. On July 12th I wrote about this and got it completely wrong. Not only did I think there would be […] August 2nd, 2011 | Tags: consumer spending, debt ceiling, FICA, GDP, H.R. 2768, payroll taxes, Rep. Ron Paul, Sen. Harry Reid, Speaker John Boehner, trigger | Category: Barack Obama, Congress, Economy, Federal Reserve, Federal spending, Taxes | Comments are closed
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