Spending our way out of a spending-induced problem. Huh?

Barack Obama yesterday: President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to “spend our way out of this recession.” Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and […]

Economy: Back from the brink, or poised for a greater collapse?

Someone linked this up in the weekend open thread, and I thought it was a pretty good summary of why I am not convinced that we are presently on the road to recovery, so I thought I’d share it here. Are We Living In Zero Hour Now? If I tried to excerpt some of the […]

Economic and Real Estate Truth One-Liners

I saw this on BoingBoing the other day, and thought it was interesting… Debt is not a good product I just had a great hour-long phone conversation with an old friend, Will Dana (now editor of Rolling Stone), who has strongly encouraged me to come up with one-liners that tell the truth about the economic/banking […]