Out of Order

Out of Order

While JP Morgan CEO Jamie Dimon has been credited for a confident and feisty performance today in front of Congress, he was careful to not criticize their efforts thus far to regulate the financial services industry. Given that JP Morgan has been on the receiving end...
The Housing Boom and Bust

The Housing Boom and Bust

Hot off the press is my colleague Dr. Thomas Sowell’s 43rd book, “The Housing Boom and Bust.” The book is an eye-opener for anyone interested in the truth about the collapse of the housing market that played a major role in our financial market...
The Housing Boom and Bust

The Housing Boom and Bust

In the spirit of bipartisanship, my newest book– “The Housing Boom and Bust”– shows how both Democrats and Republicans ruined both the housing markets and the financial markets. Like so many disasters, the current economic crisis grew out of...
Housing Hurdles in California

Housing Hurdles in California

A new study shows that you need an income of about $104,000 to buy an average home on the San Francisco peninsula with a 20 percent down payment. Since the average price of a home in this area is more than half a million dollars, the 20 percent down payment itself...