{"id":15011,"date":"2011-08-31T07:15:41","date_gmt":"2011-08-31T14:15:41","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=15011"},"modified":"2011-08-31T07:15:46","modified_gmt":"2011-08-31T14:15:46","slug":"reuters-homeowners-without-a-job-or-good-credit-histories-have-been-essentially-shut-out-of-the-refinancing-process","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15011\/reuters-homeowners-without-a-job-or-good-credit-histories-have-been-essentially-shut-out-of-the-refinancing-process\/","title":{"rendered":"Reuters: “Homeowners without a job or good credit histories have been essentially shut out of the refinancing process.”"},"content":{"rendered":"

And this is bad<\/em> news?<\/a><\/p>\n

That entire Reuters article is interesting, as will be the forthcoming stories on President Obama’s big, big plans to put Americans to work.<\/p>\n

Two important facts emerge, I think:<\/p>\n

First, no one in the entire ruling class has any idea how jobs are created. Stimulating demand while you stymie production is just another way of driving up prices at the cash register.<\/p>\n

But second, I think Obama is managing to do what decades of conservative and libertarian ideologues have failed to do: He is demonstrating the futility of the entire Keynesian approach to government.<\/p>\n

It’s an internet effect, of course. The massive increase in information velocity makes smoke-and-mirrors academic obfuscation more and more difficult.<\/p>\n

But Obama’s uncanny political ineptitude is making it that much easier for Americans to discover that, for all the hype, the emperor has always been naked.<\/p>\n","protected":false},"excerpt":{"rendered":"

And this is bad news? That entire Reuters article is interesting, as will be the forthcoming stories on President Obama’s big, big plans to put Americans to work. Two important facts emerge, I think: First, no one in the entire ruling class has any idea how jobs are created. Stimulating demand while you stymie production […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[251,29,26,5],"tags":[],"class_list":{"0":"post-15011","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-group-therapy","8":"category-lending","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1959,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1959\/will-google-be-a-victim-of-the-sub-prime-mess-it-is-inconceivable-that-mortgage-related-advertising-revenue-isnt-shrinking\/","url_meta":{"origin":15011,"position":0},"title":"Will Google be a victim of the sub-prime mess? “It is inconceivable that mortgage-related advertising revenue isn’t shrinking”","author":"Greg Swann","date":"September 22, 2007","format":false,"excerpt":"Barrons:Ever since Google (ticker: GOOG) whiffed on its second-quarter earnings, fans and critics alike have been entertaining this critical question. Critics such as Barron's Roundtable member Fred Hickey are convinced that not even GOOG can avoid the impact of the credit mess that has rocked financial markets and prompted the\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17506,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17506\/overnight-news-people-who-write-well-but-do-math-poorly-working-with-people-who-do-both-poorly-could-not-conceive-of-people-who-write-poorly-but-do-math-very-well-thats-how-they-got\/","url_meta":{"origin":15011,"position":1},"title":"Overnight News: People who write well but do math poorly, working with people who do both poorly, could not conceive of people who write poorly but do math very well. That\u2019s how they got\u00a0caught.","author":"Greg Swann","date":"November 21, 2020","format":false,"excerpt":"The headline is the extent of my contribution to election news this morning \u2013 aside from the links below. I'm eager to see how matters play out. I have further thoughts on the NAR business, but I'll lay those aside for a separate post. Meanwhile, Glenn Kelman taught me long\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/591\/the-zillowcom-shake-down-the-piling-on-begins-and-spencer-tracy-is-nowhere-to-be-found\/","url_meta":{"origin":15011,"position":2},"title":"The Zillow.com shake-down: The piling on begins — and Spencer Tracy is nowhere to be found . . .","author":"Greg Swann","date":"November 1, 2006","format":false,"excerpt":"Zillow news since the New York Times story broke: Zillow.com accused of helping predatory lenders Zillow.com: So bad it ought to be banned? Zillow Faces Minority Complaint: Rights watchdog group prepares charge that real estate site undervalues homes of non-whites Zillow.com accused of discrimination in home valuations FTC complaint filed\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12853,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12853\/the-line-for-food-stamps-is-over-there-this-is-the-line-for-deficit-funded-mortgage-bailouts\/","url_meta":{"origin":15011,"position":3},"title":"The line for food stamps is over there. This is the line for deficit-funded mortgage bailouts.","author":"Greg Swann","date":"August 5, 2010","format":false,"excerpt":"James Pethokoukis at Reuters:Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18408,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18408\/overnight-news-translating-multiculturalism-tolerant-means-negligent-diligent-means-exterminated\/","url_meta":{"origin":15011,"position":4},"title":"Overnight News: Translating multiculturalism: Tolerant means negligent. Diligent means exterminated.","author":"Greg Swann","date":"August 21, 2021","format":false,"excerpt":"This is me, coming on six years ago, nevermore newsworthy than now: One line from Shyly's delight: A Driven who is not in charge of something important to him will be disruptive \u2013 and eventually destructive. To be rational is to be rational about everything \u2013 including oneself. I am\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18226,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18226\/overnight-news-if-youre-searching-bloodhoundblog-for-pacaso-im-your-huckleberry\/","url_meta":{"origin":15011,"position":5},"title":"Overnight News: If you\u2019re searching BloodhoundBlog for Pacaso \u2013 I\u2019m your\u00a0huckleberry.","author":"Greg Swann","date":"June 12, 2021","format":false,"excerpt":"I told my wife that Pacaso is bragging about having a million visitors to their web site since they launched last October. She is web- but not dev-savvy. Even so, her instant retort: \"What's the bounce rate?\" You lead with your best card. Pacaso isn't bragging about sales, nor even\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=15011"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15011\/revisions"}],"predecessor-version":[{"id":15012,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15011\/revisions\/15012"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=15011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=15011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=15011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}