Do I hear $10,000 an ounce??There seems to be a “can you top that?” competition going on at the moment regarding gold prices. As gold has inexorably risen to about $1,200 an ounce today — up 15% just in the last month, and four-fold since 2000 — analysts have scrambled to raise their projected price...Read More
Housing Market Math, Circa 2010 When does 2 – 1 = 0? When a two-income family that’s “upside down” on their mortgage loses one of those jobs (“upside down” is Realtor-speak for owing more on your home than it’s worth). The first wave of foreclosures largely consisted of marginal borrowers — putting very little (or...Read More
Not so “Green” Technology No, this isn’t my much promised dissection of SuperFreakonomics’ potshots at Realtors (continuing in the spirit of Freakonomics). I’m only on a page 36. Instead, it’s a quick post calling attention to a bit of Manhattan trivia the authors uncovered (never heard it before, but it certainly sounds plausible). Namely, the...Read More
