The New York Fed has a neat new interactive map where you can check credit card and mortgage delinquency rates by county. Here’s a screen grab: I’d like to give a shout out to the people of Calhoun Co., Illinois—all 5,000 of you—because according to the New York Fed, you are completely on time with [...]
For several years now, a few smart people–Morgan Stanley’s Stephen Roach is the first to spring to mind, but there were others–have been arguing that the Federal Reserve ought to do more to rein in the creation of asset price bubbles. Alan Greenspan, after making a tentative attempt at bubble management with his famous “irrational [...]
Yesterday I wrote a story for Time.com about how loan modifications aren’t all they’re cracked up to be. You can read it here. Since we like our web stories short, I didn’t have as much space as I might have liked to quote the evidence behind my conclusion—that loan modifications, at least the way they’re [...]
