Real estate slump could last 8 years: IMF - MarketWatch: "The IMF sees problems both in the “bust” countries, such as the United States, Spain and Ireland, and the “rebound” economies, such as the Asia-Pacific region, most Scandinavian countries, and Canada.
The new rhetoric on government spending
In this year's campaign, rhetoric between Democrats and Republicans over entitlement programs like Social Security and Medicare, won't make it any easier to come up with a comprehensive plan of attack once the election is over. WSJ's Jerry Seib explains.
In the United States, residential investment remains severely depressed compared with past cycles, which the report said could be partly explained by the pattern in house prices and outstanding household debt. Making matters worse, the U.S. states where the house price bust was more pronounced are also where unemployment has increased the most."