RT @CameronAbadi Jack Goldsmith explains why Obama's counterterrorism speech doesn't deserve its hype http://t.co/PS8EVhlYKs
32 minutes ago
-
The Housing and Debt Crises: Intractable Problems and How they can be Resolved
Highlights A failure to fully understand and appreciate the causes and likely magnitude of twin housing and debt crises may result in inadequate solutions, economic stagnation and a diminishing of the traditional resiliency of American markets. The easy money policies of the first half of the current decade resulted in the unprecedented doubling of mortgage [...]
-
Putting a Floor Under American Homes: How Low Do We Go?
Highlights Current estimates of total deterioration in home prices run the gamut from “we’re almost through this” to “we’re only in the early innings.” Westwood has concluded the nation is in the middle of the sixth inning of home repricing, with the ballgame having started later in some markets and earlier in others. Westwood expects [...]
-
Reading the Entrails
Highlights After a series of “it could have been worse” corporate announcements this earnings season, we are left reading the entrails of an economy still critically wracked with disease. Leading indicators—including loans to borrowers with questionable credit, the value of certain homes, default rates on consumer and residential loans, and the share price performance of [...]
-
The Re-Regulation of the Financial Services Sector
Highlights Apparently forgetting that they failed to exercise proper oversight of financial institutions for much of this decade, members of Congress and regulators have been clamoring for new regulatory regimes and bureaucracies. New regulation isn’t nearly as critical as stringent enforcement of existing capital adequacy rules. Reliance on evaluations by credit rating agencies led institutions [...]
-
10 Things to Understand About the Housing Bubble and the Debt Crisis
Highlights In time, history will provide a fulsome overview of the twin housing and debt crises, perhaps the most challenging debacle since the Great Depression. At this early stage, however, Westwood tallies a “top 10” list of underlying causes and considers what can be done to reverse the situation. Ranging from an unprecedeted level of [...]
