Bernanke`s Double Bubble Bind
... the above-average range. At this point, further steep asset gains may not be desirable. A wiser hope is for incomes to rise at above-average levels to make up for lost ground, with net worth rising in tandem. If net worth should shoot up too much, however, the Federal Reserve and the Treasury will s ...
... the above-average range. At this point, further steep asset gains may not be desirable. A wiser hope is for incomes to rise at above-average levels to make up for lost ground, with net worth rising in tandem. If net worth should shoot up too much, however, the Federal Reserve and the Treasury will s ...
Some good news arrived toward the end of July when
... I’ll go out on a limb and declare that I am cautiously optimistic about the second half of 2014. National economic trend lines are good, lenders are eager to lend, Realtors® want to move homes and more Americans are moving toward the economic stability required to consider purchasing a home. I belie ...
... I’ll go out on a limb and declare that I am cautiously optimistic about the second half of 2014. National economic trend lines are good, lenders are eager to lend, Realtors® want to move homes and more Americans are moving toward the economic stability required to consider purchasing a home. I belie ...
**** 1 - E-SGH
... Terra Securities (Norway) – 28.11.2007 American Freedom Mortgage Inc. (USA) – 30.1.2007 ...
... Terra Securities (Norway) – 28.11.2007 American Freedom Mortgage Inc. (USA) – 30.1.2007 ...
The Global Financial Crisis of 2008 .(English)
... in demand for homes (over 1 million homes on sale by mid 2008) • Falling house prices • Negative household equity (i.e the value of the home is less than the value of the mortgage) creating an incentive for defaulting loans. • More houses are being sold at bargain prices, pushing home process lower. ...
... in demand for homes (over 1 million homes on sale by mid 2008) • Falling house prices • Negative household equity (i.e the value of the home is less than the value of the mortgage) creating an incentive for defaulting loans. • More houses are being sold at bargain prices, pushing home process lower. ...
Last year will not be easily forgotten
... fear, financial panic, economic carnage, and broken trust. Today, the markets are slowly trying to heal. Recessionary conditions are still with us and may linger for another few quarters despite the likelihood of a large fiscal stimulus plan announced by the new administration, a near 0% federal fun ...
... fear, financial panic, economic carnage, and broken trust. Today, the markets are slowly trying to heal. Recessionary conditions are still with us and may linger for another few quarters despite the likelihood of a large fiscal stimulus plan announced by the new administration, a near 0% federal fun ...
United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble ""the most significant risk to our economy.""Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the U.S. housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration. On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the United States Constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.