For all of you who are thinking of buying a home: stop right now, and wait. Those houses you are looking at will be cheaper in about eighteen months! Here’s a great article from the New York Times: Drop Foreseen in Median Price of U.S. Homes The biggest lesson to take away from the information […]

The data keeps on getting a little worse. Today’s story is hidden within this report from MarketWatch: U.S. stock end sharply lower as credit woes return The real issue is the part about Wal-Mart. Few of us like Wal-Mart as a company: It is a terrible employer and damages small business wherever it goes. But […]

Watch this space. The New York Times is reporting that spreading credit problems are causing uncertainty in the markets: Stocks Tumble as Home Loan Worries Spread As usual Bush had nothing useful to say. He didn’t even mention the words “housing” or “mortgage” in his very limited comments at the Treasury Department. That only goes […]