Nouriel Roubini is at it again - sowing seeds of doubt about the economy. He's convinced we're at a saddle-point for interventionist economics (that's what it sounds like): the institutions in trouble are too big to bail out, but too big to fail.
"Dr. Doom" doesn't disappoint.
I'd argue that we've spent all of our policy ammunition (most of it created from scratch) on bailing out the wrong industries, and union pensions, and trying to take over other industries that government really has no business taking over. But that's just me.
On the mortgage front:
The May numbers for defaults & delinquents are in, and guess what - they're up! More on this as time goes by. Linkies to press release, report from LPS and data.
Showing posts with label Great Recession. Show all posts
Showing posts with label Great Recession. Show all posts
Tuesday, July 6, 2010
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