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Category: economy

Housing crisis in Florida

4 October, 2007 (12:07) | economy | By: soren

From WESH Orlando: Flagler County is the fastest-growing county in the United States. One of every five homes in Flagler County is for sale. Celebration is feeling the same pain because 50 percent of the homes there are for sale.  Moss Park, east of Orlando International, where nearly 9 percent of the homes are in [...]

Politics of UAW strike

25 September, 2007 (10:41) | economy, Michigan | By: soren

Now there are plenty of interesting things to say about the economics of the UAW strike. But let’s talk politics. What are the Dem candidates going to do? Does John Edwards run to join the picket lines? Does Hillary Clinton, confident in her primary victory, stay lukewarm? Or, sensing that she needs the votes of [...]

2008 a 1992 redux through housing

24 September, 2007 (13:55) | economy | By: soren

This struck me as an interesting point from Capital Commerce, one of my favorite blogs that links economics and politics: "A record 26 percent of U.S. homeowners say the value of their homes has fallen during the past year, above the previous peak of 24 percent seen in 1992, a survey released on Friday showed. [...]

Foreclosures up… Again

18 September, 2007 (10:10) | economy | By: soren

Top line numbers: The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump. Same bad places for [...]

How housing plays out

16 September, 2007 (10:13) | economy | By: soren

I have argued that housing will be a big issue in 2008.  Matt Stoller of Open Left has a great example of one way that this is playing out in a Maryland Democratic primary. The Washington Post has a story about how the housing crisis is impacting the Fort Myers community. Some of the facts: [...]

Where’s the economics? Romney’s tax plan is new

10 September, 2007 (23:07) | economy | By: soren

James Pethokoukis at Capital Commerce asks an important question. Where is the economics in the GOP primary? Talk about weird. It was as if Wednesday night’s Republican presidential debate hosted by Fox News was beamed in from an alternate reality— Earth 2 or something—where the economy is still booming and housing prices are still rocketing [...]

Thoughts on the Huckabee conference call

31 August, 2007 (15:40) | economy | By: soren

Excuse the disorder of my notes. This should have somewhat more organized thoughts. In some real sense this was my first exposure to Huckabee as a candidate. I had interacted with him previously through the Young Republicans, and I knew that he was doing what he was doing to move his candidacy. But I was [...]

Republicans, Democrats, and taxes

31 August, 2007 (11:45) | economy | By: soren

I am really surprised that the tax fight hasn’t been engaged really. There was some, but not too much, noise when the tax-raising budget was passed by a Democratic Congress. But this is going to come back. In theory, the Bush administration helped the 2008 GOP nominee because imminent, steep tax increases are on the [...]

More on Huckabee’s endorsement by Machinists

31 August, 2007 (11:05) | economy, trade | By: soren

I think that this is fascinating. Here’s what the Machinists say: “Mike Huckabee was the only Republican candidate with the guts to meet with our members and the only one willing to figure out where and how we might work together,” said Buffenbarger. “He is entitled to serious consideration from our members voting in the [...]

Foreclosure rates going up, but mostly investors

31 August, 2007 (10:44) | economy | By: soren

The AP has a story on Bush’s proposals on housing and the subprime mess. I am glad to see that "no bailout" is part of the answer. A lot of people are saying that we have pulled out of it. There were two sentences that should remind people that the worst, at least on the [...]