Employment in the U.S. has gained in recent months because businesses have, at least temporarily, run out of... READ MORE

For several months, I’ve been forecasting a recession in the U.S. this year, arguing that weakened consumer spending --... READ MORE

The Federal Reserve has released the results of stress tests of 19 big U.S. banks that assessed how their Tier 1 common... READ MORE

Think of all the recent federal programs to keep people who can’t afford them in their four- bedroom houses. READ MORE

In making my case for continued housing weakness, I’ve emphasized the negative effect of excess inventories on house... READ MORE

The collapse in housing and the 33 percent plunge in house prices since 2006 are favoring renting over homeownership.... READ MORE