A lot of lousy, depressing news lately. You have to look hard to find some upbeat stories. Fortunately, the Door is at your service:
James Hamilton argues that the confusing economic numbers we're seeing make sense if the markets believe that a soft landing is coming.
Mr. T is coming back.
Despite the recent problem with fresh spinach, food-borne illnesses in this country are dropping significantly.
Yale's endowment is making money: it's supposedly averaging 16% per year over the last 21 years.
At least some bloggers are making money: here are eight supposedly making at least five figures per month, just from Google ads.
And finally, how bad could things be if "In 2005, 33% of new homes built in the Western states had three-car garages . . ."
My weekend newspaper reported that mortgage applications were UP over 11% in Sep while housing prices were flat to slightly lower. It looks like in the greater Detroit Metro area the market is clearing just fine at lower prices than sellers had expected/hoped for. If that's what's happening in the state and area with some of the worst employment figures in the US, how bad can the housing market be?
Posted by: JorgXMcKie | October 09, 2006 at 11:50 AM