In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
A home for sale in Tempe, Ariz. Flickr photo by 'Nick Bastian Tempe, AZ.'
Moving on up. Or more like "creeping." That's one way of wording the latest Case-Shiller housing price numbers, up 3.6 percent since their 20-city index bottomed out in March. Prices are still down from one year ago, however, and back almost exactly to where they were in the summer of 2003, before the mortgage-backed securities run-up began. But prices have moved onward and upward, for the fourth consecutive month. Given the economic albatross that housing has been, it's certainly good news if the bird is off our back.