Forget that 2002 column. In quote after quote from that era, Krugman forcefully argued for rate cuts to stimulate housing and drive the recovery.
Why the new local, handmade economy is the perfect antidote to the last boom.
A microcosm of high-end real-estate markets everywhere.
The causes of our mortgage mess is far more complicated that the moralizing just-so stories people like to tell.
Moody's Investors Service spurns optimistic projections of a V-shaped recovery in the battered U.S. housing market, predicting it could take more than 10 years to get back to boom-level prices.