[unable to retrieve full-text content]I’ve just released Chapter 9 of my open access textbook. This chapter focuses on youth homelessness. A ‘top 10’ overview of the chapter can be found here: https://nickfalvo.ca/youth-homelessness/

Back when we were grad students at UNC-Chapel Hill from 1977-82, my wife and I made several trips to the Outer Banks. One reason was to visit her uncle and his family, who lived in Buxton, just north of Hatteras lighthouse. What struck me then was how many people lived in homes on the coast in spite of the flooding risk. Not only the storm surge from the Atlantic that washed over the barrier islands from the east, but after the storm passed, the...

To reduce economic inequality, we often hear the mantra of "trickle-down economics." This idea suggests that if we let the wealthy keep more of their money, they will invest it, creating jobs for everyone else. But this belief is fundamentally flawed. Studies show that wealth concentration leads to economic stagnation. When the rich hoard their wealth, it doesn't magically trickle down. Instead, it creates a desert of opportunity for the rest. The real solution lies in...

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. With the bond market anticipating Fed rate cuts ahead, it has already lowered mortgage rates somewhat on its own. That has led to a jump in new applications, and to an even bigger spike in refinancing. As usual, clicking over and reading will bring you up to the virtual moment as to the economic data, and reward me a little bit for my efforts in organizing it for...

Also depicted by Bill McBride at Calculated Risk – MBA: “Mortgage Delinquencies Increase in Q2 2024” WASHINGTON, D.C. (August 15, 2024) – The mortgage delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The...

People flock to trump venues where he stiffs the municipalities and leaves unpaid invoices. And this is ok for his followers? Unpaid invoices could keep Trump rallies at smaller Arizona venues By Camaron Stevenson Copper Courier After the Harris-Walz presidential campaign’s stadium-filled rally in Glendale, Arizona, last week, Trump supporters in the state may wonder when they’ll see a similar event for their candidate. Problem is . ....

GOP’s attack on Americans’ retirement savings just went to the next disgusting level, Opinion, Alternet. “To protect older Americans’ life savings, President Biden pledged in October to crack down on financial advisers who recommend investments just because they pay higher commissions. Then the insurance industry got to work.” Explained: The Controversy Over Tim Walz’s Military Service, Snopes. The claim that Walz “abandoned” his...

[unable to retrieve full-text content]KARL FITZGERALD: Welcome, everyone. Welcome to another quarterly Patreon session with Michael Hudson, Professor Michael Hudson, author of over a dozen books, including his latest, The Temples of Enterprise. My name’s Karl Fitzgerald. I’ll be your host today. I’m an economist based in Australia that has changed three taxes, protecting communities from speculative overreach. Michael, Continue Reading The post The Way to Avoid Tearing...

Reinventing Economics with System Dynamics.

from Edward Fullbrook A few years ago, I wrote a novel that was published under a pen name and titled Two American Dreams; Which is yours?  Recently its publisher realized that, although set in the Sixties (mostly in Berkeley) this novel pertains to the coming US presidential election to a remarkable degree.  With that in mind, they submitted to Amazon a standard advertisement for the novel in both its paper and Kindle formats. Amazon says that such adverts are usually...