Dispelling Myths About The Real Estate Market To lay the groundwork for my next prediction, let me first summarize and dispel a few commonly-held misperceptions about home ownership. Myth #1: Real estate prices never fall. In fact, housing price busts are extremely common. For some examples, take a look at the graph below, which shows […]
Offered Without Comment From the Washington Post (Mike Allen Reporting): In the winter, Bush and his heartiest alpha aides burn the towering pyramids of cedar. That may sound like a chore, but Bush would certainly rather be there than here. The early-rising president can get crabby and punchy if he doesn’t hit the pillow by […]
How Much Oxygen is There in Mars’ Atmosphere? Here’s what I think would be a really bold experiment that NASA could use to determine whether there’s enough oxygen on Mars. Build another Mars Rover. Call it Spirit II (cost: about $500 million, assuming the second one will be cheaper than the first one): Fill it […]
American Street Update As Ezra K. at Pandagon quipped, the number of bloggers at TAS is “growing by the minute too … Like liberal bacteria.” Our latest paramecium contributor is Digby, of Hullabaloo, writing about Bush’s credibility gap. AB UPDATE: Digby’s post brings to mind this exchange from Brit Hume’s interview of George Bush: HUME: […]
Dollar up Sharply Apparently, Kash knows what he’s talking about. Two posts below this one, he predicted that the dollar’s fall should stop. In the news today, Dollar Up Sharply: In morning trading, the euro was at $1.2655, down from $1.2751 late Tuesday in New York. Sterling was also lower at $1.8350 from $1.8447, while […]
On NPR’s Fresh Air Today Terry Gross interviews Paul O’Neill and Ron Suskind. AB
End of the Dollar’s Decline? This week’s Buttonwood column in The Economist is all about the prospects for further decline in the dollar. Buttonwood is starting to think that we’re near the end of the dollar’s fall. It’s worth a read, if the subject interests you. The column ends with some good questions without ready […]
Koufax Awards Update I just noticed that Angry Bear was nominated for a third Koufax Award, this time in a category where Kash and I have a shot at finishing in the top ten: Best Expert Blog. Ok, so there are only fourteen nominees, but still. Right now, they’re just taking nominations in order to […]
The American Street Now available: Kash’s first post, A Preview of Bush’s Budget Plans, and my first post: Myths: Fiscal Responsibility and Irresponsibility. AB
One Reason Why a Weak Dollar May Not Help the Trade Deficit This morning the BLS released an interesting tidbit of data: The price index for overall imports rose for the third consecutive month, rising 0.2 percent in December. From December 2002-December 2003, the index was up 1.9 percent, which followed a 4.2 percent increase […]