Archive for February, 2007
I think we’re going – been wrong on the timing already, but there’s still too much drive in the political streams to think I’m wrong. So I thought I’d look at some of the cost.
Here’s one that most people don’t get to – the occupation. Let’s assume we win. We’ve tossed out [...]
We don’t have a housing bubble. For that matter, we didn’t go through a stock tech bubble’s collapse around 2000.
What we have is a credit bubble. A bubble in financial instruments that are, at heart, a promise to pay you Wednesday for a hamburger today. The bubble comes in large part because [...]
Just a point of reference.
In 1928, the foreclosure rate on owner-occupied housing broke 1%. Actually, it may have done it in 1927, but the Statistical Abstract Colonial times to 1970 only breaks out the number of homes owned on the decade (the 1xx0 years) , so the 91 thousand foreclosures may have been below [...]
Yeah, it’s another gloom-ridden rant. shrug.
It feels like we’re being dragged into a war with Iran. Now on the one hand, I think a war with Iran is more justified than our invasion of Iraq. On the other hand, I think it’s a total failure in advancing the war against terrorism.
Quite simply, the impression is [...]
My prediction of the “when” of a war with Iran was predicated on the belief that President Bush wouldn’t want to deal with a congress that would refuse to allow him to go to war. In other words, “now” to prevent “never”. I assumed that he wouldn’t attack Iran without getting some sort of approval. [...]
