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Policy as [Bad] Drama

Is is just me or are we firmly stuck in one of those endless dramas designed to drive us all batty? David Cameron just gave a speech in which he called for ‘urgent action’ to resolve the Euro Zone crisis. This must be the millionth time a serious person has called for urgency. Just for […]

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Confusions Abound

Confusions abound. This is the middle of an intense, partisan, and important election cycle and confusion, deliberate or otherwise, is abundant. This is a moment when we need clarity, and voters are being asked to decide on issues that derive from arcane and often very obscure roots. Politicians have a bad habit of trying to […]

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Bleak Housing; Brighter Debt

Today’s slightly upbeat report does nothing to mask real estate’s rotten 2010. For the record: sales of existing homes rose 5% in December hitting an annual rate of 4.61 million homes. Part of the increase is accounted for by the revision down of November’s numbers and the rest by the extraordinarily low mortgage rates and […]

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