The Gaps in the Generality

Facts about recessions and unemployment (and matching) Professor Cowen raises an interesting point in this recent Marginal Revolution blog post. If micro-data on unemployment recovery really is typically better explained by the supply-side of employment (I’d need to read more in that area to feel more confident myself), is the periodic case for dramatic effortsContinue reading “The Gaps in the Generality”

Halt GSE Credit Expansion and Government Backing Long-Term: 2021 Finance, Foreclosure, and Leasing Loom Darkly

In yet another extension that growingly appears to be delaying or worsening an inevitable reckoning, the Federal Housing Finance Agency has extended Fannie Mae and Freddie Mac’s temporary ability to buy loans in forbearance until the end of December. Forbearance, or a state of reduced and suspended repayments for loans, has been induced by FannieContinue reading “Halt GSE Credit Expansion and Government Backing Long-Term: 2021 Finance, Foreclosure, and Leasing Loom Darkly”