During the housing boom, developers—the companies that pave roads and sidewalks, dig ditches for sewage pipes and power lines and bring in bulldozers to clear…
OPEC meets amid weak outlook, Iran tensions (via AFP) OPEC ministers gather this week in Vienna to review cartel’s oil output levels against the backdrop…
The sad story of North Lost Wages, Nevada, is an example of why the “shadow inventory” issue is a toothless bogeyman for the US as…
May 4th, 2012 by Belisarius (For The Week Ending April 27, 2012) Total collapse because of oversupply this winter followed by a rebound in recent weeks. Market…
The dwindling middle class, squeezed by higher taxes and costs, is losing its political voice.
The middle class is doomed by some very basic dynamics. Economic historian David Hackett Fischer laid out the fundamental dynamic in his book …
Following the bubble, the housing market’s pain has been deep and persistent.
This isn’t merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn’t in recession: it’s in a depressi…
Only last August, Las Vegas real estate developer Donald Romano, 74, and his wife Barbara were found dead in their Summerlin home. Police called the case a murder-suicide after a gun was found in Donald Romano’s hand. He also left a note. The trag…
Someone (forgive me for not recollecting) mentioned that 5- & 6-Sigma declines in Commodities are quite extraordinary. It would be interesting to see how many times that has occurred with ANY commodity price in the last 200 years across multiple curren…
Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s…