Archive for July 9th, 2010

Strategic Defaults, The Rich And Non-Recourse Loans

The topic du jour is David Streitfeld’s article in the NYT about the rich opting for strategic defaults. If you missed it, he uses some data from Core Logic and anecdotal tales to argue that the rich are defaulting at a rate in excess of the general population. Streitfeld points out the concern that strategic […]

Here’s How Spending Has Been Maintained

Sometimes the answers are pretty simple. This chart from pretty much tells you all you need to know about the state of the recovery, why businesses small and large are hoarding their cash and not hiring and probably why the Democrats get pasted in November.