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Tag: Bubble


CarbonNYC (CC BY 2.0)

The Insider’s Economic Dictionary: B Is for Bailout

Republicans and the financial sector sequester the economic surplus in their own hands, price their economic rents to squeeze incomes, and then criminalize poverty as if the poor vote to be poor as a matter of choice!

Posted on Aug 10, 2013 READ MORE



Flickr / david.nikonvscanon (CC-BY)

The Crime of Our Time

Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”

Posted on May 5, 2010 READ MORE



Flickr / david.nikonvscanon (CC-BY)

The Crime of Our Time

Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”

Posted on May 5, 2010 READ MORE


Obama’s Pen Pals

Every day the president reads 10 letters from the public that are handpicked by his staff. Lately, he says, a lot of them are about health care. Here’s a White House-produced look at the process.

Posted on Aug 3, 2009 READ MORE


stock prices
AP photo / Katsumi Kasahara

Paul Krugman on the ‘Conscience of a Liberal’

The New York Times columnist brings his liberal conscience and economic expertise to bear on the housing crisis and sheds light on the dirty secret behind many political victories by conservatives: “The consistent source of [Republican] success has been race.”

Posted on Nov 16, 2007 READ MORE


stock prices
AP photo / Katsumi Kasahara

Paul Krugman on the ‘Conscience of a Liberal’

New York Times columnist Paul Krugman brings his liberal conscience and economic expertise to bear on the housing crisis and sheds light on the dirty secret behind many political victories by conservatives: “The consistent source of [Republican] success has been race.”

Posted on Nov 6, 2007 READ MORE


Home Prices Plummet

If you’re caught up financially in the housing bubble (who isn’t these days?), you might want to skip this item. Home prices have fallen by 3.2 percent—the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month—another record. That’s not good news for a market eager to return to the good ol’ days of easy loans and overpriced homes.

Posted on Aug 28, 2007 READ MORE


Domino Theory

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Posted on Aug 14, 2007 READ MORE


Home Foreclosures on the Rise

As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn’t much good news for the opportunistic lenders either—more than 20 mortgage companies have already gone bankrupt.

Posted on Mar 5, 2007 READ MORE


Housing Bubble Burst

Pop! Housing Bubble Burst is Real, and Consequential

Economist and N.Y. Times columnist Paul Krugman writes that the downturn in the housing market is “a recipe for a major bust, not a soft landing,” and that it will likely drag the entire economy down with it. As evidence, check out this Cincinnati Enquirer article about consumers tightening their belts in the face of the housing slump and high gas prices.

Posted on Aug 28, 2006 READ MORE


Bush Bubble
From Newsweek

Bush’s Iraqi Civil War Bubble

In the last week alone, those warning of a civil war in Iraq included: America’s top commander in Iraq, Gen. George Casey; Joint Chiefs of Staff Chairman Peter Pace; Centcom commander Gen. John Abizaid; and Britain’s ambassador to Iraq. But what does Bush hear? “Yadda yadda yadda.” (more…)

Posted on Aug 8, 2006 READ MORE


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