Defending the Judeo-Christian Ethic, Limited Government, & the American Constitution
Wednesday October 22nd 2014

Self-Educated Man


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October 06, 2014


Federalist 62. Madison reminds us that the election of U.S. Senators by their respective state legislatures secured state rights or authority. In your opinion, how might a return to this vital constitutional principle become a key element in empowering a push back against federal intrusion into powers our heaven inspired Constitution clearly retained as jurisdictionally belonging to state & local governments, to families & individuals, to private businesses, churches, & charities?


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Noted Economist: Housing Rebound Could Take a Generation

Yale Economist Robert Shiller -- (Photo credit: World Economic Forum, CCASA 2.0)

ECONOMY, NEWSROOM AMERICA STAFF

Yale economics professor Robert Shiller says the housing market is likely to remain weak and could take as much as a generation to recover.

Shiller, the co-founder of the Standard & Poor’s/Case-Shiller home price index, told Reuters Insider that a combination of high gas prices, a weak labor market and a general unease among consumers was trumping low mortgage rates and would likely keep prices depressed for the foreseeable future.

“I worry that we might not see a really major turnaround in our lifetimes,” Shiller said.

The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.2 percent – the first increase in prices in 10 months – in February, on a seasonably adjusted basis, Reuters reported.

But Shiller cautioned that in nine of the 20 cities prices were flat or fell for the month.

He said suburban areas could fall even further as high gas prices caused more Americans to move to “walkable cities.”

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