Sometimes People are Dolts: POP Goes the Housing Bubble

Housing Bubbles Will burstSometimes people are dolts. That’s certainly true of home buyers and lenders. Only a few years after the economy and real estate market tanked housing prices are rising again – rising with irrational exuberance to borrow a phrase from former Fed Chairman, Alan Greenspan.

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When the Upper Class Becomes Victim to Class Warfare

Class Warfare

To hear the 1 percenters and those 99 percenters bent on voting against their own economic self-interests tell it, you could slap a bushy beard and crazy wig on Barack Obama and he’d be the new Karl Marx. That Karl Marx could take a Viennese sachertorte-sized chomp out of their ass and they wouldn’t know him is beside the point.

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The Class War Paradigm

Greedy Bastards

One of the few things that garners any bipartisan support these days is that America is embroiled in a Class War. The wealthy are doing OK by their own admission. They just want to be more OKer than they are and are willing to hire lobbyists, fund gigantic super-pacs, shut factories, or buy politicians to do it. Their chant is, “Taxes? Taxes? We don’t need no stinking taxes…you do…and more of ’em too!”

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