Posts Tagged ‘housing bubble’

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    Speculators, Thomas Jefferson, and President Obama

    Sep 22, 10 • 1258 Views • No Comments

    Thomas Jefferson and President Obama had similar concerns about financial speculators. In 1790, Thomas Jefferson opposed funding the domestic part of the Revolutionary War debt if the financial speculators who bought bonds at a depressed price would benefit.......  [read more]

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    The Housing Dilemma

    Sep 9, 10 • 1066 Views • 5 Comments

    Is it time for shock therapy? Since the housing bubble popped, from tax credits to mortgage modification programs, government has tried to support housing prices. The goal was to provide support and diminish foreclosures until the market stabilized. With......  [read more]

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    How Not To Price a House

    Aug 31, 10 • 662 Views • 1 Comment

    Let’s assume you would like to sell your house. According to Wired journalist Jonah Lehrer, the price you select might not be optimal. Why? Because we like to avoid losing money. (Of course, you might say, that is obvious. But an economist would suggest......  [read more]

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    Is Fannie Mae Your Friend?

    Jun 15, 10 • 600 Views • No Comments

    I was surprised to hear that when Fannie Mae was created in 1938 as a federal agency, a part of her mission was to move money. At the time, because of the 1927 McFadden Act, interstate banking was prohibited. As a result, there could be (and was) insufficient......  [read more]

  • Recent Black Swan Events

    Feb 2, 10 • 968 Views • No Comments

    Thinking about probable new financial regulation, I remembered Nassim Nicholas Taleb......  [read more]