Mortgage Foreclosure Fiasco
Banks are faced with a huge number of foreclosures and that resources they’ve allocated towards handling them was woefully inadequate.
Posts by Steve Verdon
About Steve Verdon
Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research. He joined the staff at OTB in November 2004.
The Risk of a Fiscal Crisis
The CBO sees a clear threat of a fiscal crisis during the next two decades unless we’re saved by magic ponies.
Krugman vs. The Actuaries on Medicare
Paul Krugman’s Medicare projections don’t line up with what the actuaries are telling us.
Unemployment Duration
Most research shows that unemployment benefits/insurance increases the duration of unemployment.
CPI Declines Again…Deflation?
The Bureau of Labor Statistics is reporting that the CPI declined 0.1% last month. This makes for the third straight month that the CPI has declined. Is there reason to think that there is widespread deflation in the economy?
Did the Stimulus Work?
Nobody can really say whether the stimulus worked — or even define “worked” — but that doesn’t stop them from issuing pronouncements.
The Lie of Shovel Ready Jobs
President Obama was shocked –SHOCKED! — to learn that bureaucracy and contracting hassles delay construction projects.
How Stupid Can Cops Be?
Some cops apparently still haven’t figured out that it’s legal to take pictures in public places — even of cops.
Unemployment Worse than 1982
Age-adjusted unemployment is at its worst in more than a quarter century
