Lakshman Achuthan

[Rising home values] are making people feel they don't need to save.

[Rising home values] are making people feel they don't need to save.

The Fed's painfully aware of this, and that's one of the better reasons they try to telegraph what they're doing, read more

The Fed's painfully aware of this, and that's one of the better reasons they try to telegraph what they're doing, so people don't get caught. The institutions that have taken decisions that might put them into harm's way are probably fewer.

It will temporarily depress some economic activity, in much the same way a snowstorm could.

It will temporarily depress some economic activity, in much the same way a snowstorm could.

It's the 'Red Queen effect' -- you've got to run twice as fast just to stay in place.

It's the 'Red Queen effect' -- you've got to run twice as fast just to stay in place.

One of the things recessions do is uncover weak links. When you're in a strong economy, a bull market, you read more

One of the things recessions do is uncover weak links. When you're in a strong economy, a bull market, you can paper over a lot of things. When you get under some strain, these things show up.