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The New Orthodoxy

Public Purpose - An Independent Advisory Company

The function of government is to provide a mix of policies, regulations and services that ensure fair and equal access to the benefits and opportunities of a sustainable prosperity forged from a contemporary focus on “commerce”, climate and care. In 2020, schools, offices and churches shifted online almost overnight, but the internet held up.

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Will the GSEs Repeat 2007 - 2009’s Large Losses?

The Stoop (NYU Furman Center)

First, house prices increased by 57 percent 1 over the nearly nine years from their post-financial crisis bottom (2011 Q2) through the last quarter before the pandemic (2020 Q1). They have a credit box 8 that is akin to what existed around 2000 - 2002, i.e., before the GSEs loosened it up as mortgage bubble distortions showed up.

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