Low mortgage rates, at levels not seen for over thirty years, are not prompting a rush to buy homes across the US.
Many economists say deficit spending is crucial to keeping the economy moving. But history tells a different story.
Florida homes were the craze in the 1920s, then prices crashed and didn't fully recover until the '40s. The current bust could be worse.
Fannie and Freddie are stimulating the creation of credit and indebting homebuyers at the expense of the highest-income-earning taxpayers.
Fannie Mae and Freddie Mac guarantee almost $6 trillion in mortgages. The cost of fixing them will be the largest US bailout ever.
The Fannie Mae (FMN) program does not compel servicers managing its loans to suspend payments for distressed homeowners, but at least one servicer - Citibank - has announced its own plan to help Gulf coast homeowners.
It only makes sense to favor gold over productive investments at a time like this: when the world's monetary system is heading for a crackup.
By taking bold actions during the financial crisis, the Fed ventured into fiscal policy. Now, Congress is pushing back.
American economic policymaking is dominated by the widely taught and cited neo-Keynesian synthesis, which argues for government intervention on the ground that markets are not efficient.