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Monthly Archives: June 2011
Keep Comparing the Great Recession to the Great Depression
THE BUILDING OF HOOVER DAM DURING THE GREAT DEPRESSION KEPT VEGAS ON THE MAP The Great Recession is not as crushing as the Great Depression, but President Obama’s problems in the face of economic turmoil are beginning to look like … Continue reading
Freestyle writing not about divorce
WORLD WAR TWO STOPS A DEPRESSION AND CREATES A FAMOUS WRITER “When I write I can shake off my cares. My sorrow disappears, my spirits are revived. The nicest part is being able to write down all my thoughts and … Continue reading
Posted in Off Topic, Uncategorized
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The Great Recession my final word
Signs of collpase are everywhere. With economic security an uncertainty, marriages are being postponed at record numbers. To many Americans, capitalism seems beyond repair. Unfortunately the problem is without a solution. When historians and economists look back at the Great … Continue reading
New Nevada law may or may not impact short sales
A new Nevada law effective July 1, 2011, AB 273 virtually eliminates the six (6) YEAR statute of limitations for second mortgages. Now, lenders have only six (6) MONTHS to file a lawsuit for a deficiency judgment after either a … Continue reading
America won’t look for its decade
The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of action. The Fed looks set to take a break, sit on the bench awhile and watch the game unfold. Nice. The Fed downgraded … Continue reading
Nevada Assembly Bill No. 273
Darren Welsh’s Blog on AB 273 Actual Assembly Bill 273 CONCLUSION The bottom line to AB 273 is that lenders have only six (6) MONTHS to file a lawsuit for a deficiency judgment after either a short sale or foreclosure … Continue reading
Will Boomer’s resist economic policies that favor rapid recovery?
AMERICA CAN AVOID JAPAN’S MISTAKE Ageing societies prefer to sacrifice the young to a long period of slow growth rather than erode the savings of older voters; that is one reason why the Great Recession is dragging on. What? The … Continue reading
Study: Housing collapse worse than Great Depression
SUMMER is at hand in the world’s big financial centres, but the mood is hardly bright. Stock prices have been sliding for weeks in response to gloomy economic news. Factory output has slowed across the globe. Consumers have become more … Continue reading
Posted in Real Estate Trends, Uncategorized
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Locked in the House: Do Underwater Mortgages Reduce Labor Market Mobility?
Economists Colleen Donovan and Calvin Schnure have written an interesting new paper examining whether the fall in house prices since 2007 in the US — which has left many home-owners owing more on their house than it is worth — … Continue reading
Posted in Real Estate Trends, Uncategorized
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