
Is another recession already underway? Imminent? Or will we stave off a technical recession even as we are mired in a period of slow growth with many economic measures stuck far below their highs from four years ago? I’ve made…
The New Mastersounds, an amazing world-class funk band from Leeds in England, played a great gig at Locos on Broughton Street on a Sunday night in the spring. Now they’re headed back to Locos for a Thursday night show on…
I still have my doubts about any federal efforts to help the housing market, but I am impressed by the planned expansion of the Home Affordable Refinance Program (HARP), detailed today by the Federal Housing Finance Agency (FHFA). Those who…
According to GasBuddy.com, , the average pump price for a gallon of unleaded is about $3.39. That’s considerably lower than in recent months, but up more than a dime since I last posted about gas prices. Because of the visibility…
I’ve made a lot of posts about the number of failed banks in Georgia since 2008. While we haven’t gotten anything close to a full accounting of the reasons for the crisis in Georgia, there are obvious culprits: lax regulation,…
487,471 Georgians are receiving unemployment checks right now. That’s a staggering number for a state with less than 10 million people. Almost 15% of residents over the age of 18 are currently receiving unemployment benefits. Right now, the highest weekly…
Georgia is in no danger of losing its status as home to more failed banks in the last few years than any other state. The FDIC has just announced the failure of two more banks: Community Capital Bank in Jonesboro…
I’ve written a lot in recent years about housing and home prices. I have been disdainful of just about every move the federal government has made — even those like the homebuyer tax credits that enjoyed broad bipartisan support. None…
Many, many municipalities in Georgia — including all in Chatham County — will be voting in a few weeks on allowing Sunday package sales of beer, wine, and liquor. I wasn’t the only one expecting a serious campaign to defeat…
From the NYT piece Gloom Grips Consumers, and It May Be Home Prices: In Orlando, a city that trades in upbeat fantasies, the housing crash has been particularly painful. The total value of area homes has fallen below the total…