Word: demande
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...Then there's the elephant in the room: jobs. The U.S.'s unemployment rate, which stood at 9.7% in February, is expected to hit at least 10.3% before peaking later this year, according to Gus Faucher, director of macroeconomics at Moody's Economy.com. Says Brinkmann: "The fundamental driver in demand for housing still comes down to jobs." (See 10 ways your job will change...
Lawrence Yun, chief economist with the National Association of Realtors, believes the proposal only partially addresses the housing industry's problem. Although it may help reduce foreclosures, it does nothing to stimulate demand for homes. "Stabilizing housing involves two parts. First is to raise the demand so that it eats into inventory. Second is to reduce supply, which means lessening foreclosures. This plan addresses the second. I hope it works better than prior foreclosure-mitigation plans...
...invisible hand of the market really can be relied on at all times and in all places to deliver the most prosperous and just society possible, then we'd be idiots not to get out of the way and let it work its magic. Plus, the supply-meets-demand straightforwardness of the invisible-hand metaphor lends itself to mathematical treatment, and math is the language in which economists communicate with one another...
...Europe, voters demand that their governments offer good public services - including decent education and medical care - and regularly vote them out of office when they fail to deliver. Taxes may be slightly higher in Europe, but medical fees are heavily subsidized by governments and are drastically cheaper than they are in the U.S. The French, for example, pay a fixed $30 for a doctor's visit - and proposals to raise that fee even a few cents can ignite national protests. And in most of Europe, insurance companies are barred from rejecting applicants because of pre-existing conditions. (See pictures...
...Germans ... don't want to bail out the feckless Greeks with their flagrantly inaccurate official statistics; they resent being Europe's banker of last resort; they object to the universal demand that they plug the vast holes in the Greek budget deficit in the name of 'European unity'; and for the first time in a long time they are saying it out loud." --3/8/10...