The Affordable Mortgage Depression
Government policies were designed to increase homeownership. Affordable Mortgages, created to realize this goal, were responsible for the Housing Bubble and distorted the economy. The unwinding of these distortions will result in a Global Depression.
The Affordable Mortgage Depression: Monthly Archives for August 2011

Excerpt from Bloomberg Editorial: "Buffett's $7M Sacrifice Is Only a Start"

Posted by Whitney Ross at 8/25/2011 1:57 PM | Add Comment

CBO Projections Show Little Improvement in Unemployment Rate Through 2013; Stimulus Spending Ineffective

Posted by Whitney Ross at 8/24/2011 8:35 PM | View Comments (1) | Add Comment

Crack in Sidewalk, Thought to Be from Earthquake, Gives Obama Another Excuse for Missing Economic Recovery

Posted by Whitney Ross at 8/23/2011 10:22 PM | View Comments (1) | Add Comment

It Only Took $107 Billion of Federal Reserve Loans to Save Morgan Stanley

Posted by Whitney Ross at 8/22/2011 8:21 PM | View Comments (1) | Add Comment

Housing Prices, Already at Post-Stimulus Lows, Are Poised to Fall for 9 Consecutive Months

Posted by Whitney Ross at 8/22/2011 12:26 PM | Add Comment

Consumer Confidence Falls to New Low Last Enjoyed During the Carter Administration

Posted by Whitney Ross at 8/12/2011 3:37 PM | Add Comment

Federal Reserve Acknowledges that The Affordable Mortgage Depression Will Persist Into 2013. Maintains Ineffective Interest Rate Policy.

Posted by Whitney Ross at 8/10/2011 12:46 PM | Add Comment

Bank of America's Woes Discussed in November of 2008

Posted by Whitney Ross at 8/9/2011 11:26 AM | Add Comment

Four Logically Inconsistent Reactions to the Credit Downgrade

Posted by Whitney Ross at 8/8/2011 8:30 PM | Add Comment

History Repeating Itself

Posted by Whitney Ross at 8/7/2011 11:12 AM | Add Comment

It Took Two Centuries for the United States to Earn Its "Risk Free" Credit Rating. It Took the Obama Administration Two and a Half Years to Destroy That Rating.

Posted by Whitney Ross at 8/5/2011 8:47 PM | View Comments (1) | Add Comment

The July 2011 Unemployment Report: “Rats Flee Sinking Ship! Government Observes That Rat Population Has Declined!”

Posted by Whitney Ross at 8/5/2011 12:55 PM | Add Comment

There Is No Economic Recovery

Posted by Whitney Ross at 8/3/2011 11:44 AM | Add Comment
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