Yves Smith claims an interesting factoid:
Robert Shiller tells us that housing prices since 1890 (no typo) have appreciated 0.4% a year. Historically, a CD has been a better store of value than a house.
That certainly doesn’t feel true, but then the Bay Area can be a distortionary place about these sorts of things.
Entries from August 2007
Unless the walls are lined with crepe paper
August 26th, 2007 No Comments
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It takes a thief…
August 24th, 2007 No Comments
David Brooks displays an uncommon amount of professional jealousy when he claims:
[Drew Westen] takes an interesting dollop of neuroscience and uses it to coat the conventional clichés of the Why Democrats Lose genre.
Also, the argument Brooks attempts to offer regarding Dean vs Kerry is backward:
Third, how did John Kerry beat Howard Dean in the Democratic [...]
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