Category Archives: Housing
The Fed has kept the stock market and, so it claims, the U.S. economy afloat with low interest rates. The Dow lost 1500 points in the past week. World economic growth is stuck in the mud.
And with interest rates near zero, the Fed is low on flotation devices.
If income inequality is your thing, cheer up. Jeff Bezos lost $2.6 billion on Monday. Bloomberg has the fat cat score card here.
We won’t have Barney Frank to kick around any more and vice versa – here’s Dana Milbank on Barney the Bully.
This was inspired by one of my favorite Don Wright cartoons. Unfortunately I can’t seem to find a link to it. The cartoon featured a Vietnamese family standing in a landscape of bomb craters waving thanks to American jets as they flew away at the end of the war.
I’ve always considered Barney Frank just as much a friend to the poor as we were to the Vietnamese.