Political Decontrol of the Economy
One of the findings in this little book is that American presidents try to have recessions happen late enough in their terms so that the economy is in full recovery entering a quadrennial election.
It looks to me that the Bush administration may have set up its second-term recession a bit too late: the reset points for a huge amount of adjustable-rate mortgage happen in the next 16 months, with November 2007 being the pinnacle.
Labels: adjustable rate mortgages, Edward Tufte, oops






