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Huge Plunge In Mortgage Cure Rates Portends Foreclosure Disaster
Mortgage cure rates have fallen off a cliff. For those unfamiliar with the term, a "cure rate" pertains to those who go delinquent on loans then catch up and become current. Late payments that don't "cure" have a tendency to get later and later over ...
Some Issues In Joint Production
1.0 IntroductionSraffa's work on single product systems is sufficient for demonstrating the incorrectness of neoclassical economics, at least in applications in which equilibrium prices supposedly are ultimately, in some sense, scarcity indices. Sraf...
Critically Under-Capitalized Banks Direct Result of "Wonderful Chain of Stupidity"
Last week the Wall Street Journal ran an article about how trust securities sank Guaranty Financial Group and six family-controlled Illinois banks in early July.Please consider In New Phase of Crisis, Securities Sink Banks.Federal officials on Thursd...
Risk taking and the menstrual cycle
We tend take preferences as given and constant, but there is mounting evidence that preferences change over the life cycle and over external circumstances, as I reported before. There may now even evidence that preferences that preferences follow a p...
Global Debt Bubble, Causes and Solutions
Australian economist Steve Keen is one of the very few who have called this economic crisis correctly. What distinguishes Keen is that his economic forecasts are based on levels of debt and changes in levels of debt as opposed to money supply, output...
New Bubble Threatens Global Rebound
Although Belief In Wizards Runs Deep there are a few free thinkers who don't see it that way. Andy Xie is one of them. Please consider New Bubble Threatens a V-Shaped Rebound.In a normal economic cycle, an inventory-led recovery would be followed by ...

