delong.typepad.com - 10/28/2009
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Via Mark Thoma:
Economist's View: Rise and Fall of Non-Agency Securitization :
This is why I have always thought that the argument that "Fannie and Freddie did it" is a non-starter. Two reasons:
Loans owned by Fannie and Freddie can be a problem for the government, but ...
thetyee.ca - 10/23/2009
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thetyee.ca —
housing-bubble.jpg What do the mid-recession housing boom and
the Harper Conservatives' rise in the polls have in...
common? Answer: the Canada Mortgage and Housing Corporation's massive sub-prime mortgage scheme that is keeping up the appearance of an ...
(more)
The Tyee — Why Canada's Housing Bubble Will Burst
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The Mess That Greenspan Made —
TOP STORIES Fears of a New Chill in Home Sales - NY Times Weak Dollar Is Protectionist Barrier: Bill Gross - CNBC ‘Jobs Created or Saved’ Is White House Fantasy - Baum, Bloomberg Pay czar Feinberg increased base pay at U.S. firms: report - Reuters Bond Weakling California Shows States’ Failure to Disclose Debt - Bloomberg Housing slump hits California timber industry like a buzz saw - LA Times Enablers of the Housing Bubble - Delong's Semi-Daily Journal Protests at US bankers' convention - ...
From the GSEs to Wall St. back to the GSEs
The Mess That Greenspan Made —
... Naturally, those on the left think it's vindication for the GSEs who were almost bit players during the worst of the housing market excess in the middle of the decade. ...
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Did the Fed cause the housing bubble?
hf-implode.com 3/28/2009 — "This WSJ op-ed "symposium" about whether or not the Federal Reserve caused the housing bubble is reminiscent of that period, a year or two ago, when it became clear to all but the most clueless observers that home prices had peaked and it might be a long way down."
When Did The US Housing Bubble Begin?
econospeak.blogspot.com 9/17/2009 — In his most recent post on "Economics and its Discontents" on economic principals (http:www.economicprincipals.com/issues/2009.09.13/706.html), David Warsh asserts that the US housing bubble occurred during 2003-06. In a thread following a post on ...
Krugman Did Cause the Housing Bubble
blog.mises.org 6/18/2009 — Here is Paul Krugman from his blog trying to deny that he was a persistent advocate for the housing bubble and below that are quotes from him just prior to the bubble taking off. ht Benjamin Lee
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"And I ...
Free Post: The Housing Bubble & Govt.’s Role
valueplays.net 9/24/2009 — Without essentially free money and government programs, the housing bubble could not have happened.
Summary
How was it possible that in a world where thousands of people regulated financial markets the whole system crashed down? And should we now ...
What Caused the Housing Bubble?
economistsview.typepad.com 7/8/2009 — Ed Glaeser says that if people were as smart as he is, they would have
realized housing price increases were unsustainable and there wouldn't have been
a housing bubble:
In Housing, Even Hindsight Isn’t 20-20, by Edward
L. Glaeser : ...
FHA may be setting up repeat of housing bubble, lawmakers worry
latimes.com 10/10/2009 — Reporting from Washington - In the wake of the mortgage meltdown, the Federal Housing Administration has emerged as a pillar of the still wobbly housing market -- providing vital insurance that enables borrowers to qualify for loans with as little as ...
Shadow Housing Inventory Will Halt A Housing Recovery
istockanalyst.com 10/1/2009 — Any optimist talking up a housing recovery might want to pause and look deeper into the housing crisis. Amherst Securities Group analysts believe the market faces about 7 million properties that are likely to be seized by lenders have yet to hit the ...
The Next Leg Down In Housing
hf-implode.com 10/20/2009 — " Housing bears have been warning for months that despite a seemingly good summer, the pain would resume come the fall. This may be the first sign of that. The NAHB's builder confidence level slipped in October to a reading of 18, less than the expected 20."
Housing Needs To Keep Falling
hf-implode.com 11/3/2009 — " More ammo for the housing bears here: Despite the dips in both the Case-Shiller and FHFA Home Price Indices, houses still aren't affordable based on historical price/income ratios."
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