sprawl

Misunderstanding the Bubble and Burst in Sacramento

An opinion piece in the Sacramento Bee by Sean Wirth of the Environmental Council of Sacramento could not have been more wrong in its characterization of the causes of the housing bubble in Sacramento.

The article starts out promisingly, correctly noting that:  read more »

  • The housing bubble spawned the Great Recession
  • Demand exceeded the inventory of houses in the Sacramento area
  • Sacramento prices "soared sky high"

The Fed and Asset Bubbles: Beyond Superficiality

There is considerable discussion about tasking the Federal Reserve Board with monitoring and even taking actions to prevent asset bubbles. Before they move too far, the Fed needs to understand what happened in the housing bubble to which they responded after the world economy was decimated.  read more »