U.S. Financial Crisis: S&P Downgrades U.S. credit rating
Alexander Hamilton established the “full faith and credit” of the U.S. in 1790 when he pushed to have the newly...
U.S. Financial Crisis: $2.4 trillion debt-limit deal
President Obama and congressional leaders Sunday night reached a compromise to raise the federal debt-limit that includes curbs to government...
U.S. Financial Crisis: Deficits, debt, and default
This summer has been one of the hottest on record in Washington, D.C., but unlike past summers, Uncle Sam is...
YELLOW ALERT – State and local government debt
Do you remember watching the Star Trek television series? If you watched as many episodes as me, then you can...
Obama’s assault on Wall Street
President Obama announced today his support for new limits to curb the growth of the nation’s biggest banks. Obama’s proposal...
Commercial property values
I routinely speak to associations and business groups about the state of the economy, capital markets, and real estate. In...
The devil is in the details
I was invited to address a local real estate group and I received a question about the latest housing report...
Rich America, poor Americans
I was chatting with a friend today that works as a realtor in Greensboro. Clearly frustrated by an encounter with...
Obamanomics
The freefall in the U.S. economy that begin in August 2007 is now stabilizing. The disruption in the housing market...
FASB joins bank recovery effort
Cracks in the financial system emerged in February 2007, credit markets seized up in August 2007, and the economy entered...