This great little graph from CR shows where all that apparent 'wealth' of the last decade came from.. mortgage equity withdraw.
Resources for the New Patriot.
About The Unwind
The Great Unwind is a call to civic action by and for the layman. A platform for knowledge as a basis for activism, here is documented the rise of neo-conservative ideology and neo-liberal corporatism, the collapse of the housing bubble, the financial panic of 2007-08 and the massive deleveraging of the shadow financial system, within the larger context of social and political upheaval that is forever changing Our World.
God Save the Republic.
Must Read News
- Germany warns of 'Lehman' crisis if Greece defaults - Telegraph
- NNDB Mapper: Tracking the entire world
- Freddie Mac CFO found Dead of Apparent Suicide
- Struggling US towns print their own currency - Telegraph
- China calls for the reign of the dollar to end - Telegraph
- The Mark-to-Market Babble Continues : HousingWire
- UK House prices 'could fall by further 55 per cent' - Telegraph
- Obama: Another $750 Billion Needed for Banks
- Democrats draw up plan for second stimulus bill - Telegraph
- China Home Prices Fall by Record on Slowing Economy - Bloomberg
- FT Alphaville » Prospects for US high-yield debt grim
- CDS: The Equity Connection Today
- Option ARMageddon » More Debt Won’t Stop the Great Unwind
- Shiller - A failure to control the animal spirits
- Talking Points Memo | Stimulus Will Come Up Short
Blogroll
- Bailout Sleuth
- Brad Setser: Follow the Money
- Calculated Risk
- Democratic Underground
- FED Up USA
- Housing Doom Housing Bubble Blog
- Housing Wire
- Jesse’s Café Américain
- London Banker
- Mish’s Global Economic Trend Analysis
- Naked Capitalism
- Nouriel Roubini’s Global EconoMonitor
- Paul Krugman
- Portland Housing Blog
- San Diego Real Estate Bubble Blog
- Seattle Bubble
- Sudden Debt
- The Big Picture
- The Economic Populist
- The Financial Ninja
- The Market Ticker
- The New Combat
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