We’re getting job creation in healthcare and educational services. We’ve been getting that all along. It’s demographically driven, it’s funded by the government, and that’s held up.
Mark Zandi Quotes
They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.
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Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
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There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren’t among them.
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Today's Anniversary - 24th December
Births
- 1934 - Stjepan Mesic
- 1945 - Nicholas Meyer
- 1958 - Alex Lowe
- 1922 - Ava Gardner
- 1969 - Mark Millar
Deaths
- 1961 - Robert Hillyer
- 1999 - Bill Bowerman
- 2008 - Samuel P Huntington
- 1870 - Albert Barnes
- 2004 - Johnny Oates
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