Tom’s post yesterday about British housing (following Felix), where the volume was down significantly with the average slightly up, seemed rather intuitive if you buy the argument that the majority of house prices haven’t been cut enough, and won’t sell until they cut more.* But, courtesy of our fellow Gloom-and-Doom maven, Barry Ritholtz at The […]

Infrastructure – The Next Big Deal? #1 Reuters carries a report on an infrastrucutre concern: The worst Midwest flooding since 1993 has generated images of swamped towns, cracked roads, washed-out bridges, overwhelmed dams, failed levees, broken sewage systems, stunted crops and water-logged refugees. The losses are in the billions of dollars and still mounting, as […]

Hat tip to Barry Ritholz at the Big Picture for this link listing the 10 best gloom and doom sites. 1. Daily Reckoning2. Clusterfuck Nation3. The Big Picture4. DollarCollapse.Com5. Angry Bear6. Mish’s Global Economic Trend Analysis7. Naked Capitalism8. Peter Schiff9. GREG MANKIW’S BLOG10. The mess that greenspan made Barry had a note about Greg Mankiw […]

PEER notes that: On April 30, 2008, the U.S. Interior Department proposed to repeal nearly century-old national park rules requiring that firearms be unloaded and unavailable for ready use. In its place, the Bush administration would substitute the various laws governing “any state park, or any similar unit of state land, in which state the […]

The NYT has an article of interest on creating new efficiencies not often discussed as policy. I think a savings of 10% (20%?) or more is significant. With the new refrigerators with the shelf in the door, these fit nice,” said April Buchanan, who was shopping at the Sam’s Club here. Others, even those who […]