I have been amazed at the response of politicians and the press to the recent fall in home values. They're...
Read moreDetailsBecause we have no financial regulations to speak of, no safety regulations to speak of, hardly any regulations at all...
Read moreDetailsThe plain fact is that the housing bust has a long way to go. Increased foreclosures mean more supply, and...
Read moreDetailsAnyone who spends most of their media time on the Internet, no matter what their older political assumptions, is closer...
Read moreDetailsWhat will we do if the lights go out? Here disaster readiness, practical fighting against terrorism, the complex stability of...
Read moreDetailsI know what a housing recession looks like, and this one has barely begun yet.
Read moreDetailsSubstituting like-for-like does not get you out of the box. As prices decline, our enemies can simply drop their prices...
Read moreDetailsThe point is that editorial boards change slowly. They change even more-slowly than the U.S. Senate, although less-slowly than the...
Read moreDetailsThe largest private equity managers today are taking home over $1 billion per year. And they expect this to be...
Read moreDetailsStock investors value earnings, and earnings potential. They do not value assets. Monopolies are accumulations of assets, whose earnings potential...
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