How to Fix the Dire Housing Numbers



Time for more housing stimulus. The question is how.

According to numbers released today by the National Association of Realtors, home sales fell 3.8% in May. They were down 15% from a year ago. Home prices were down as well, 5% lower than a year ago. And while 4% might not sound like a big drop for sales, for this time of year it is. …

Why another Greek bailout is a stupid idea

The entire financial world was watching Athens today to see whether or not the Greek government would survive a no-confidence vote. Thankfully, it did. More importantly, the government now has to push a new slate of severe austerity measures through parliament next week to try to control its escalating debt. If the package gets rejected, …

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