We know two things about housing bubbles: they always pop, with devastating consequences, and apologists and pundits always deny housing is in a bubble.And so it is no surprise that here we are in Housing Bubble 2, the second housing…
‘Last year, U.S. taxpayers paid $470,000 in pensions and benefits to former president Jimmy Carter, who left office in 1981. George H.W. Bush received $837,000. He left office in 1989. Bill Clinton received $950,000 in […]
‘Real incomes for those of working age are still below pre-crisis levels, according to research by the Institute of Fiscal Studies (IFS). The think tank expects median income for those aged between 22 and 59 […]