Last Tuesday the Wall Street Journal published an op-ed by my friend Gary Shilling and Richard LeFrak. They offer a simple solution for the housing crisis: give foreigners who will come to the US and buy a home resident status, green cards).

The economic calendar is unusually light this week, with only the ISM Index reporting on Friday. It shouldn’t surprise anyone that the report will likely show a decline from the previous month. It has been an overriding theme this year that even though the bar gets set lower and lower as the months go by, the market still manages to underestimate the scope of the economic slowdown and reports continue to disappoint.

More than a million foreign nationals have crept into the costal regions of Mexico already… but that number is growing.

Three million new homes by 2020? Absolutely no chance. Here’s why Gordon is crippling the housing industry. Owners of luxury flats mugged by their drug-addled neighbors, building plans altered to save crayfish and scraps of old wallpaper, developer’s cash siphoned off to help struggling sculptors, a planning process that is slow, creaky, unpredictable and bizarre.