Do you remember Robert Reich? You probably don’t but he was the Secretary of Labor under Clinton and a well-known political economist. Apparently he’s got a sense of humor about his profession as here he is explaining what happens to the US if our debt continues to get downgraded. (Via Gizmodo) Here are some other [...]

Even with housing prices falling and so much damage to the real estate market, the homebuilders continue to push on. New neighborhoods continue to slowly pop up and shoppers are still considering new homes. With so many delinquent mortgages and empty houses and desperate sellers, why are people still buying new homes? Are builders making [...]

It never fails. Every morning on TV if you channel surf you’ll find three things. There’s always someone hocking a gadget for the kitchen, there’s someone else talking about the new weight loss plan, and finally there’s someone telling you that wealth is just around the corner in real estate investing. This continues even today. [...]

If you’ve got decent credit you can get a mortgage right now for somewhere around 4.5% or less.  These are lows not seen in a lifetime and likely not going to be seen for a lifetime to come.  Interest rates on other loans are also at lifetime lows.  But people still aren’t buying houses and [...]

There’s so much going on in Europe.  From this side of the pond it seems at any given time one of the countries in the EU could collapse.  Also at any given time some country is getting bailed out.  The Euro has been an interested economic experiment to watch.  There is a danger that this [...]

I married into a family that loves to go look at houses.  Open houses, new builders, I’m sure they’ve even tried to break in to a few just to catch a peak. As a result I’ve seen more neighborhoods than  most school bus drivers.  And there was a common theme I saw in many of [...]

The BBC has a list of the biggest fouls the American language has had on the original “British” English.  Some of them are quite funny, funnier still is that the Brits think their language is either proper, or the way we’re supposed to speak English.  Don’t see much of them talking like Shakespeare or King [...]

It seems like for over a year we saw headlines of nothing but layoffs.  Over the last few months we’ve started to see that again.  The official statistics on jobs make this not at all surprising.  Unemployment is up and jobless claims numbers are not where they need to be.  But other companies are hiring [...]