strong recovery, despite the many naysayers. We’ll just let the pictures do the talking and keep the positive energy flowing for as Robert Shiller wisely said, “fear of a double-dip recession could cause one.”
A Love/Hate Relationship With all this talk of financial reform, the future of the GSEs has been the hot topic of the week. Treasury Secretary Hank Paulson throws in his two cents as to what should be done and why financial reform was a long-time coming.
Take a Walk on the Wild Side Lack of animal instinct could be to blame for the sluggish recovery of the economy, according to a WSJ article. The economy is in desperate need of leaders who possess an intangible Kenyon quality best known as “animal spirits.” The Keynesians describe this spirit as “a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.” Or in layman’s terms, we need people with some serious mojo.
A Tip of the Hat We wanted to take the time to thank all of you who contacted your Representatives and stopped numerous amendments from being offered and/or accepted as part of the FY11 HUD appropriations bill. This serves as an important message that housing is not only a national priority but a human right which our country is starting to recognize. We want to also recognize NHC member the National Low Income Housing Coalition’s inspiring outreach campaign that no doubt contributed to Democrats withdrawing the most harmful HUD amendment.