Is This the Big One?
Jeff Faux : U.S. Economy
The blowback of housing deflation on our overleveraged financial markets has seriously constricted the flow of credit--the lifeblood of the world's largest debtor economy.

Jeff Faux : U.S. Economy
The blowback of housing deflation on our overleveraged financial markets has seriously constricted the flow of credit--the lifeblood of the world's largest debtor economy.
Nicholas von Hoffman : U.S. Economy
Home equity--for those lucky enough to own a house or condo--is a primary source of economic security. But unsold inventory, rising interest rates and record levels of mortgage defaults are making the future look grim.
Nicholas von Hoffman : U.S. Economy
Stocks crash and housing prices tend to go down with a whisper. But a disturbing number of signs now point to a sudden burst of the real estate bubble.
Christian Parenti : New Orleans
Despite persistent calls from the right to raze the ruined city, gritty storm survivors from New Orleans to Gulfport and Houston begin to put their lives together again.
As bad as Bush's economic record is, it would appear far worse if not for the housing bubble.


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