interest rate

Austerity! What Is It Good For? (Absolutely Nothing!)

The next time some finger-waver at the Washington Post op-ed page calls for austerity, someone should point him to, you know, reality. Because reality right now is telling us that austerity is not only painful but wholly counterproductive.

Wheeee! Free Money!

The Fed lowered their lending rate to between 0 and .25% yesterday in an attempt to combat the Bush recession: In theory, the Fed's action should r

Mike's Blog Round Up

Ever since Kevin Drum invented it, centuries ago in blog years, Friday Cat Blogging has been a tradition in the reality-based community. So, here's a

Housing Hangover

Check out this video from ABC News: "Rising interest rates squeeze homeowners to the breaking point." (h/t Joan)