Skip to main content

Housing Bubble Bloodbath

By Mike Whitney
01/13/06 "Information Clearing House" -- - I wonder if Alan Greenspan takes a copy of the business page along with him on the chair-lift at the Aspen, so he can read about the plummeting housing market before swooshing down the well-groomed bunny-slopes at his favorite ski resort. After all, no one played a larger role in inflating (what the “Economist” called) the “biggest equity bubble in history” than the retired Fed-master. His low interest-rate bonanza triggered a stampede of speculation in the real estate market sending prices through the stratosphere and setting the stage for the biggest economic bust in American history.

Comments

Post a Comment

Popular posts from this blog

Video: Israeli soldiers fire tear gas at 6-year-old children on their way to school

Video: Israeli soldiers fire tear gas at 6-year-old children on their way to school The new school year started four days ago in the occupied West Bank, and Israeli soldiers have fired tear gas and hurled stun grenades at Palestinian elementary school students on at least two occasions already. In the Nablus -area village of Burin , which is surrounded by illegal Jewish-only Israeli settlements , Israeli forces stormed an elementary school Wednesday, firing tear gas and stun grenades at students after a settler’s vehicle traveling nearby the school was allegedly hit with a rock thrown by a Palestinian youth. Many children were treated at the scene for tear-gas inhalation, reported Ma’an News Agency . One day earlier, Israeli forces in Hebron fired up to 15 tear gas canisters and five stun grenades at small children as they made their way to school Tuesday morning. Video of the attack — recorded and posted to YouTube by the International Solidarity Movement (ISM)...
Post a Comment
Read more

Border Children: ‘They Don’t Speak English, But They Understand Hate’

July 17, 2014 " ICH " - " Truthdig " - -  Pulitzer Prize-winning journalist Jose Antonio Vargas put a prominent, public face on the immigration crisis this week when he was detained by the U.S. Border Patrol in McAllen, Texas. After a number of hours and a national outcry, he was released. He first revealed his status as an undocumented immigrant three years ago in a New York Times Magazine article, and has since made changing U.S. immigration policy his primary work. Vargas was in Texas to support the thousands of undocumented immigrant children currently detained there by the U.S. Department of Homeland Security. Border Children: ‘They Don’t Speak English, But They Understand Hate’
Post a Comment
Read more

Gilad Atzmon : Now’s The Time To Strip Israel of its WMDs

Gilad Atzmon : Now’s The Time To Strip Israel of its WMDs Now’s The Time To Strip Israel of its WMDs By Gilad Atzmon September 26, 2013 " Information Clearing House - The Israelis are not very impressed with Hassan Rouhani, the new Iranian president. Israeli PM Benjamin Netanyahu ordered Israel’s delegation to boycott his appearance at the United Nations General Assembly on Tuesday and later denounced Rouhani’s address there as “a cynical speech that was full of hypocrisy.” But Israel seems to be alone this time.  Both the United States and other Western nations appeared to warmly welcome the new Iranian president at the UN.   But did Rouhani present any radical change? Did he deliver new promises? Not at all. Like his predecessor, he made it clear that Iran is not going to give up on its right to proceed and develop nuclear energy. Like Ahmadinejad, Rouhani contended that  "...
Post a Comment
Read more