Housing Double Dip: Is it Over?

One of the oddities of the rebound from the recent recession is how much housing has lagged the rest of the recovery, and with the economy growing so slow that is somewhat of an achievement. While the economy has continued to limp along, housing has backtracked. After rising in 2009, with the help of tax incentives, real estate prices …

Debt Debate: Does the U.S. Have a Spending Problem?

A week to go until Debt Ceiling Armageddon, and the bond market and the Dow Jones industrial average seem to be taking the Washington impasse in stride. Stocks were down on Monday, but not much. The price of a 10-year government bond, which you would expect to be affected by the debt default, was down slightly, and yields were near …

Debt Ceiling: How Likely Is a Big U.S. Selloff?


The drawn-out debt ceiling debacle has Washington politicians all in a tizzy. But financial markets — the looming force behind the Treasury’s August 2 deadline for Congress to strike a deal on raising the debt limit — still haven’t been shaken. Many worry the failure to strike a deal by the deadline would cause investors to sell off …

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