In The Absence Of The

A Decline In The National Housing Price Level Would Need To Be Substantial To Trigger A Significant Rise In Foreclosures, Because The Vast Majority Of Homeowners Have Built Up Substantial Equity In Their Homes Despite Large Mortgage-market Financed Withdrawals Of Home Equity In Recent Years.

Anyone Willing To Do What Is Required To Become President Of The United States Is Thereby Barred From Taking That Office. I'm Only Half Joking

It Seems Superfluous To Constrain Trading In Some Of The Newer Derivatives And Other Innovative Financial Contracts Of The Past Decade. The Worst Have Failed; Investors No Longer Fund Them And Are Not Likely To In The Future.

While Local Economies May Experience Significant Price Imbalances, A National Severe Price Distortion Seems Most Unlikely In The United States, Given Its Size And Diversity.

I Cannot Conceive Of A Politically Feasible Solution To This Problem Which Will Overdo Cutting The Deficit, Where Overdoing Means Harming The Economy. It Might Be Technically Possible, But It Is Not Realistic.