Even a cursory perusal of the CBO report reveals a bias to the upside. Reality, it is feared, is likely to change the outlook, perhaps sooner and most certainly more drastically, than the CBO estimates.
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The toxic brew of capital appreciation bonds, economic ignorance and political expediency all but guarantee a default on a mammoth scale.
Governmental intrusions into places it shouldn’t results in many consequences, mostly painful and costly. Just ask Nick Keith.
This is going to be something to see.
This isn’t just theory. Less government does mean more freedom for individuals to create a higher standard of living for themselves and others.
Recovery? What recovery?
Golly, what a surprise! People who couldn’t qualify for a loan in the first place and then defaulted, are defaulting again on the loan even after it has been “modified.”
Jeffrey Tucker is tired of seeing all the political yard signs showing up in his neighborhood, and I think he makes a very good point: I can’t understand why people are willing to give up precious real estate on their front lawns, make friends mad at them, and put their own credibility on the line to […]
The similarity of this entrepreneur to those in Ayn Rand’s book Atlas Shrugged are quite remarkable.
According to World News Daily Obama has real estate agents working on a $35 million property in the “high rent” district in Kailua, the Beverly Hills section of Hawaii. And author Corsi thinks it’s because Obama expects to lose in November: Very quietly, Obama’s chief financier, Penny Pritzker, has entered the Hawaii housing market to buy […]