Posts Tagged ‘stock market’

The Recession: 10 Years Later

Posted on December 08, 2017 by Laura Lam

In December 2007, employment peaked and started to head south – for two long years.  What followed: The loss of more than 8 million jobs, half the value of the Dow and the S&P 500, and trillions of dollars in retirement accounts and household wealth. Lives and businesses were ruined and whole neighborhoods emptied out, as banks took back homes bought on badly underwritten credit. A decade later, the American economy has recovered in many ways. Employers have been steadily adding jobs since early 2010, the stock market is booming and home prices have reached new all-time highs.  But in…

Presidential Candidates Need to Focus on Housing

Posted on October 14, 2016 by Laura Lam

Hillary Clinton and Donald Trump should face more questions about housing policy according to Fannie Mae CEO Tim Mayopoulos.  While Mayopoulos declined to endorse any political candidates, he bemoaned the lack of discussion about housing issues throughout the presidential race in response to a question from the audience. “What’s been striking to me is that despite the fact that we came through a financial crisis that had housing issues at its core, there’s really been no discussion about housing policy,” he said. “Neither of the candidates has really advanced any strong views or positions around housing policy going forward.” What…

Freaking Out About the Economy

Posted on August 02, 2011 by Saldutti

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess.  In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up.  Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy. We have never faced such an extended economic downturn in modern U.S. history, and a lot of people are…