- Steve Sewall
Blog: "Weathering the Storm: The World Since the Global Meltdown of 2007-2008"
Updated: Mar 29, 2022
Weathering the Storm is a blog of 54 extensive posts (and zero followers) that I maintained from 2009-2012. Since 2005 I had been working as a residential real estate broker with Koenig & Strey/GMAC in Glenview, IL. In 2008 my entire clientele of some 30 previously active prospective home buyers went off the market as the housing market collapsed in wake of the fall of Lehman Brothers. But in May, 2006, I read economist Michael Hudson's amazingly prescient "The New Road to Serfdom: An Illustrated Guide to the Coming Real Estate Collapse, which predicted the global meltdown with astonishing accuracy. Part of me knew that Hudson's prediction would come true, but a larger part stayed in real estate nonetheless.
Only after I left real estate in 2009 did I begin, with this blog, to explore the writings of many economists, most mainstream though often left-leaning. People like John Authers and Martin Wolf of the Financial Times, Peter Coy of Bloomberg, Floyd Norris and David Brooks and Paul Krugman of the New York Times, Larry "King Dollar" Kudlow at CNBC, Saskia Sassen, Yves Smith, Mike Whitney, John Bogle, David Cay Johnston, and Charles R. Morris, blogger Steve Randy Waldman. It offers some pretty deep insights, I think, into major like the Arab Spring and Occupy Wall Street.