Tony Downs

Why cutting debt means less overall lending ability in the financial system.

The federal government is getting criticized because it has not been able to get the frozen U.S. banking system to start lending money again. Many Americans resent injecting taxpayer dollars into beleaguered banks to...

As the current economic expansion moves ahead in 2005, the key issue for real estate is simply this: Will the normal relationships between overall economic activity, demand for space, increasing demands for money, and...