September 1, 2011

Recovery By The Numbers

A single number tells us most of what we need to know about the recession and prospects for recovery.  That number is gross private domestic investment.  It averaged 16% of the GDP in 2006-7, 11% in 2009, 12.4% in 2010.  For the first ...

June 16, 2011

A Mortgage For Every Family?

The ideal of owning one's own home, be it log cabin or row house, is that of a static society.  The rose garden and cabbage and poison ivy patch are nostalgia for a rural past.  The average individual changes residence 12 times in a lifetim...