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

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Housing: Speculation is the Key

…and leverage is increasing demand. The Bust Housing “bubbles” typically do not “pop”, rather prices deflate slowly in real terms, over several years. Historically real estate prices display strong persistence…

Steve Friedman on the Employment Report

Kash comes through again with the monthly BLS report on employment. As I was reading it, CNN was interviewing Mr. Friedman. Noticing the big pop in the Household Survey number,…

…Showing war plans and a “top secret map showing how the war plan would unfold” to freakin’ Prince Bandar? Pop Quiz: how many Iraqis were involved with 9/11? How many…

…guess Bush meant to add, “except, of course, when I’m on vacation.” But, “with all the pressure of trying to come up with an answer,” it didn’t “pop into [his]…

Favorite Moments Two favorite moments from Bush’s press conference last night come to mind. The first was already alluded to by AB’s post from last night. (“Something will pop into…

…READER: Popped into your mind. ME: Popcorn? READER: Who said anything about popcorn? ME: “Now is the time to talk about winning this war on terror.” And, might I add,…

Expecting Incorrect Expectations What’s wrong with this headline? Betting on a jobs pop: Traders seem to think Friday’s employment number will be better than expected This must reflect some usage…

…of these same concerns. He is concerned that the Chinese banks are massively overrun with bad loans but to fix this problem the Chinese have to first pop a real…

Great Line of The Day “All righty, then. Nobody shake Antarctica before the Russians pop it open, OK?” Charles Kuffner explains why we should not shake Antarctica. AB…

…Survivor is a prime example (pop quiz: how many of you knew that Survivor is still around?) When Friends first became popular, I could picture programmers and writers sitting in…