{"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":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[251,29,26,5],"tags":[],"class_list":["post-15011","post","type-post","status-publish","format-standard","hentry","category-big-mother","category-group-therapy","category-lending","category-real-estate","no-featured-image"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"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":0},"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":1378,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1378\/got-back-up-entire-issue-of-business-20-lost-two-weeks-before-press-time\/","url_meta":{"origin":15011,"position":1},"title":"Got back-up? Entire issue of Business 2.0 lost two weeks before press time","author":"Greg Swann","date":"May 2, 2007","format":false,"excerpt":"From TechCrunch:The June issue of Business 2.0 magazine was inadvertently deleted from the editorial server on April 23, according to a number of sources. And the backup server wasn\u2019t working properly. The result? An entire issue down the drain just two weeks before press time. [....] A 2003 article in\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":2},"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":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":3},"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":1610,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1610\/with-the-iphone-is-apples-steve-jobs-placing-a-collect-call-to-the-entire-wireless-communications-industry\/","url_meta":{"origin":15011,"position":4},"title":"With the iPhone is Apple’s Steve Jobs placing a collect call to the entire wireless communications industry?","author":"Greg Swann","date":"July 2, 2007","format":false,"excerpt":"I haven't laid my own hands on an iPhone yet, and we're off to Lost Wages for our anniversary, so unless I infest an Apple Store in Clark County, my own gratification will have to wait still longer. I'm assuming, if you were interested, you had your fill of iPhone\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"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":5},"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":[]}],"_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}]}}