Portside

Anyone who expects a huge uptick in investment to provide a major boost to demand is either smoking something serious or simply has never looked at the data. It hasn't happen in the last 65 years and it's not about to happen now.

If most homeowners have not hedged themselves against the possibility that home prices, like bond prices, may fall if interest rates rise, we may be in for another round of very bad news if interest rates ever return to more normal levels. It is remarkable that the latest run-up in house prices has received so little attention from people in policy positions. There may be an enormous price to pay for the continued lack of attention to housing bubbles.

Some interesting differing view points on the effect of income inequality -- either way it's really bad for everybody but the super rich. Check out both views - moderator.