Wheeee! New Homes Sales, Prices in Freefall
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...
Buffett to Buy Bear? Bull$%*# !
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’s DRM-Free MP3s
Amazon has been fairly effective in using its platform — recall they were originally a book store — as a launching pad...
Brokers’ Fictitious Gains
Friday’s WSJ had this insightful column on Wall Street’s earnings, Brokers’ Head-Scratcher. “Still, some investors remained...
Bloomberg: CPI Inflation Data is a “Lie”
We have long railed against the absurdity of the CPI data. The ridiculous adjustments, the lack of correlation between CPI prices and...
The Stuff of Thought
I’m always attracted to books that give insight into the minds of investors. The newest outing from Harvard prof Steven Pinker...
The Backwards Housing Cycle
My friend Paul contributes to Housing Day here at TBP, pointing us to a new NBER paper that declares "Housing is the Business...
Continuation of Negative Annual Returns in Housing
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...
Warnings of a Housing Crisis (in Real Time)
Great Housing chart, from an article in the Sunday NYT: courtesy of the NYT> Incidentally, not everyone was crying wolf. Some of us...
Mortgage Withdrawals Driving UK Consumer Spending, Also
We have, for several years now, highlighted the significance of Mortgage Equity Withdrawal (MEW) in the U.S. as a major source of...