| Sep 12, 2012 10:21AM The U.S. Government now has a $16 trillion deficit. On the other hand, it made about $12 billion on the AIG stock sale - congrats. To put those numbers in context, however, the government would have to do an AIG deal every day, seven days a week, for nearly four years in order to erase the current deficit. As John Steinbeck famously said, the problem with poor Americans is that "they don't believe they're poor, but rather temporarily embarrassed millionaires." Has the housing market been "temporarily... Sep 12, 2012 4:20PM The September issue of Fannie Mae's Housing Insights says little specific about housing, focusing instead on changes in average and aggregate earnings during the last five business cycles. Fannie Mae's economists use a decomposition method to disentangle effects of employment changes within industries (the "employment effect") and average earnings growth within industries) the "earnings effect") on aggregate wage trends. The analysis found that the massive job losses during the Great Recession (December...
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