Relevant and even prescient commentary on news, politics and the economy.

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Income Inequality

…person has a washing machine, a dryer and central air conditioning. Almost two-thirds of the poor own or have access to a car. The poor’s access to what once were…

Housing: "With a pfffffffft or a fizzle"

In The Economist, Buttonwood asks: “The air is coming out of America’s property-price bubble. Will it pop or go quietly?”. “Mortgage applications were down by about 5% in October compared…

Housing: Ready for the Fall

Fall is in the air. For us Southern Californians that means the first rains of the season. For the seasons of the housing market, it means falling real prices. Although…

Krugman: That Hissing Sound

…I mention that the personal savings rate has fallen to zero? Now we’re starting to hear a hissing sound, as the air begins to leak out of the bubble. And…

Construction in the Economy

An interesting question in the air this week is this: to what degree is the US economy shifting resources out of other sectors of the economy and into construction projects?…

Memorize and Repeat

…way the DNC, Harry Reid, and Nancy Pelosi can ensure that every Democratic spokesperson who goes on air understands these points and can convey them with this much clarity? AB…

Cheney v. Carter on the Role of the Presidency

The History Channel will air “Inside the Presidency” where they interview both Dick Cheney and Jimmy Carter as well as Gerald Ford. As I read this story, Cheney seems to…