Any Informed Borrower Is Simply

Excessive Optimism Sows The Seeds Of Its Own Reversal.

The Only Sustainable Way To Increase Demand For Vacant Houses Is To Spur The Formation Of New Households. Admitting More Skilled Immigrants, Who Tend To Earn Enough To Buy Homes, Would Accomplish That While Paying Other Dividends To The U.s. Economy.

I Don't Think It's Possible For The Fed To End Its Easy-money Policies In A Trouble-free Manner. Recent Episodes In Which Fed Officials Hinted At A Shift Toward Higher Interest Rates Have Unleashed Significant Volatility In Markets, So There Is No Reason To Suspect That The Actual Process Of Boosting Rates Would Be Any Different. I Think That Real Pressure Is Going To Occur Not By The Initiation By The Federal Reserve, But By The Markets Themselves.

We Need, In Effect, To Make The Phantom 'lock-boxes' Around The Trust Fund Real.

The Recent Evidence Increasingly Suggests That An Economic Expansion Is Already Well Under Way, Although An Array Of Influences Unique To This Business Cycle Seems Likely To Moderate Its Speed.