The figures tell us that something important is going on. But what’s the key to understanding what it is? And how will it be cured?

Hatred for bankers is cyclical.  It follows the credit cycle.

But what is going on in China? What comes after the biggest export-led bubble ever? Another bubble?

There are a million option ARMs still to be reset over the next four years.

People are wondering what happened to the stimulus program. It was supposed to stimulate.

Will we remain in a depression until this huge pile of debt accumulated over the last quarter century has been paid down?

The economy followed the markets.  Now the markets follow the economy.

People are wondering how come Washington bails out Wall Street but not California.

Life is getting tougher for the rich, as well as for those who defend them.

Housing and jobs are the two cornerstones of American middle class wealth.