The Big Picture

Yesterday, we noted how the CPI has diverged from reality (CPI Inflation Data is a “Lie”). Today, I wanted to direct your...

Get ready for a new round of serial bottom callers! New Home Sales data was released this morning, and it stunk up the joint. (Why are...

Yesterday, the NYT floated a rumor that Warren Buffett was considering taking a stake in Bear Stearns. Have a read of the actual flailing...

Amazon has been fairly effective in using its platform — recall they were originally a book store — as a launching pad...

Friday’s WSJ had this insightful column on Wall Street’s earnings, Brokers’ Head-Scratcher. “Still, some investors remained...

We have long railed against the absurdity of the CPI data. The ridiculous adjustments, the lack of correlation between CPI prices and...

I’m always attracted to books that give insight into the minds of investors. The newest outing from Harvard prof Steven Pinker...

My friend Paul contributes to Housing Day here at TBP, pointing us to a new NBER paper that declares "Housing is the Business...

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...

Great Housing chart, from an article in the Sunday NYT: courtesy of the NYT> Incidentally, not everyone was crying wolf. Some of us...