The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

A home is still the biggest asset that most Americans own.

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.