Economists: Worst Still to Come
WSJ’s Phil Izzo talks with Kelsey Hubbard about the results of the latest survey showing economists believe the current recession...
Dead Cat Bounce
Delightful cartoon, via Guidepostings > Well, maybe we were there a few days ago . . .
Look Out Below (Detroit version)
On the failure of the Detroit bailout deal, futures have collapsed: > Nikkei down almost 6%; Europe down too . . .
Immigration to the US
Fascinating animation: Immigration to the US, 1820-2007 v2 from Ian S on Vimeo.
Q3 Flow of Funds
The Fed’s quarterly z1 Flow of FUnds report is out, and its none too pretty: Household net worth—the difference between the value...
Continuing Claims Chart
Initial Jobless Claims totaled a much higher than expected 573k, almost 50k more than forecasts and up from a revised 515k last week....
More CRA Idiocy
Howard Husock has an exercise in cognitive dissonance in today’s NYT Op-Ed pages titled Housing Goals We Can’t Afford, and it...
Foreclosures Rise 28%
> RealtyTrac released its November foreclosure numbers, and they were not pretty. • November Foreclosure activity decreased 7% from...
Treasury Slammed Over TARP
Draft Report by Oversight Panel Alleges That TARP Won’t Help Average Americans, Won’t Stem Foreclosures, Has No Comprehensive...