Tag Archive for Housing Bubble

Adler Comments on St. Louis Fed’s Bulltard’s U.S. Monetary Policy, Housing Bubble Views

I have annotated the press release’s key comments including the bold highlighting of certain sections. Press Release- Federal Reserve Bank of St. Louis ST. LOUIS – Federal Reserve Bank of St. Louis President James Bulltard discussed “The Aftermath of the Housing Bubble” on Tuesday during an event jointly hosted by the Bipartisan Policy Center’s Housing…

Still Standing Amid the Wreckage

     The New Urbanists held their big annual meet-up for four days last week and I stomped a big carbon footprint flying down to West Palm Beach for the doings. I don’t know who exactly picked West Palm, but it was at once peculiar, disheartening, instructive, and exhausting.   The Congress for the New Urbanism has been throwing this yearly fandango since its founding in 1993 as a fire-eating reform movement dedicated to transforming the…

Debt Serfdom in One Chart

Reposted with the kind permission of Charles Hugh Smith The essence of debt serfdom is debt rises to compensate for stagnant wages. I often speak of debt serfdom; here it is, captured in a single chart. The basic dynamics are all here, if you read between the lines: 1. Financialization of the U.S. and global economies…