Day

February 22, 2009

Waiting for Cheap Housing . . . Since 1997

Timing the Housing Market As John Maynard Keynes famously observed, “the market can stay irrational longer than you can stay solvent.” Or, in the case of housing the last decade-plus: ‘stay above trend line longer than you can stay in a rental.’ Citing the charts reproduced at right, commentators like Barron’s Alan Abelson make the...
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Housing: How Much Further to Fall?

Why People Hate Wall Street —And Wall Street Analysts, too When stocks are going up, the airwaves are full of Wall Street analysts and other pundits chock-full of stock picks sure to make you money. So what can you expect to hear after stocks plummet 50% or more? All the reasons why stocks “are still...
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Wall St. Foxes & Chickens

A Short History of Wall Street Want 70-plus years of Wall Street history in a nutshell? Here goes: –The foxes got into the henhouse.–The government threw them out.–The foxes got back in. Now we have two problems: 1) how to make the henhouse secure again; and 2) where to get more chickens. My suggestion? Tackle...
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