Its funny how these things run: there are days when the NYT puts me to sleep, and there are other days when I cannot get enough.
Today was the latter: The NYT’s biz section is an embarassment of riches:
• The above the fold Biz section cover story — Some New Math on Homes by DAMON DARLIN — has that uh-oh quality about it: New math rationalizes away fast rising prices (sounds vaguely familiar);
• Joe Nocera takes 60 Minutes to task in Selling Short the Virtues of Short Sellers;
• CONRAD De AENLLE defends Technical Analysis and technicians as "providing a reality check to conventional thinking;"
• Jeff Leeds on how the Music Industry Posted Their Sixth Year of Decline (What a surprise!);
• The terrific FLOYD NORRIS observes that China and U.S. are the World’s Growth Engines (but their Markets are Laggards);
All very much worth reading . . .