Headed to MI today for a talk on election outcomes and their implications for state policy (my host is the great MI League for Public Policy). As usual, much of my thinking comes from the kick-butt state policy group at CBPP. First, it’s important to recognize that the majority of the electorate, particularly in the… Read more
I’m still cogitating on election outcomes and will have more to say soon, but for now, just a quick look at the slowly but I think surely recovering housing sector. The two figures below convey a few important points. First, home prices are rising steadily, about 5% over the past year, according to CoreLogic. Second,… Read more
From the GS research group, a handy chart showing the impact of housing on real GDP growth, broken down into three parts: –investment in homes, a component of GDP, so this impact is direct; –the impact of housing wealth on consumer spending; –the impact of mortgage equity withdrawal on consumer spending. A few observations: –housing’s… Read more
See for yourself: live at Rachel Maddow’s Blog!
The challenger will always try to talk down the economy. Even back in 1996, when jobs, growth, and even middle-class incomes were really taking off, candidate Bob Dole was trying to convince everyone that things were bad and getting worse. It is, of course, a much closer call now, but still, I doubt that Gov…. Read more