Friday’s WSJ had this insightful column on Wall Street’s earnings, Brokers’ Head-Scratcher. “Still, some investors remained...
Read More
We have long railed against the absurdity of the CPI data. The ridiculous adjustments, the lack of correlation between CPI prices and...
Read More
I’m always attracted to books that give insight into the minds of investors. The newest outing from Harvard prof Steven Pinker...
Read More
My friend Paul contributes to Housing Day here at TBP, pointing us to a new NBER paper that declares "Housing is the Business...
Read More
It seems that today is Housing day at the Big Picture: First, we looked at UK MEW; Then, we saw that great NYT chart; And, since its the...
Read More
Great Housing chart, from an article in the Sunday NYT: courtesy of the NYT> Incidentally, not everyone was crying wolf. Some of us...
Read More
We have, for several years now, highlighted the significance of Mortgage Equity Withdrawal (MEW) in the U.S. as a major source of...
Read More
Having just moved this past spring, I have been postponing replacing the giant 36" Sony (way heavy) XBR tube with a lighter, thinner...
Read More
"The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The...
Read More
Last week, we noted that Reports of the Death of Inflation Have Been Greatly Exaggerated. The greenback has been in freefall, and that...
Read More