What if everything we’ve been told about the financial crisis is wrong?

Stop me if you’ve heard any of the following before: Exploding ARMs to subprime borrowers kicked off the nation’s housing and ensuing financial crisis. Mortgages during the boom era were ...

Americans Brace for Next Foreclosure Wave

(Reuters) – Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up ...

No Rise in Home Prices Until 2020

Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday. The Survey conducted by the Professional ...

Five Ideas To Create Jobs That Are So Crazy They Might Just Work

With unemployment stuck above 9 percent, Washington is trying to “pivot to jobs” once again. And already the discussion feels tired. The White House’s much-hyped ideas don’t seem bold enough, ...

The Dismal History of Obama’s Fiscal Record

After working hard to compile a list of Obama’s rather questionable record of fiscal promises and actual executions, the gist of which is represented best by the violent clash between ...

Foreclosure Mess May Take 60 Years to Clean Up

(NY Times) The sheer number of foreclosures is bogging down the foreclosure process to the extent that — at the present pace—it may take more than 60 years in some ...

America’s Middle Class Crisis: 15 Sobering Facts

Two recessions, a couple of market crashes, and stubbornly high unemployment are all wreaking havoc on America’s middle class. In the accompanying interview, The Daily Ticker’s Aaron Task discusses the ...

10 US Housing Markets At Risk Of A Major Collapse

Even the baseline scenario in places like Las Vegas and Miami is grim, where Case Shiller projects a 21% decline in home prices from 2010 to 2012. But in one ...

Barclays On How The Oil Price Spike Could Crash The Housing Market Again

The oil price spike, driven by instability in the Middle East, has the potential to cause repercussions in the U.S. housing market, according to Barclays‘ Luca Ricci. The simple reason ...

An American Dream, A Jewish Nightmare

by Prof. Steve Hochstadt A new internet cartoon is capturing public interest by explaining the sources of our worldwide financial distress. Using a clever South Park format, “The American Dream” ...