I found this over at the relatively new Bubble Track blog. When the Weekly Standard, the "bastion of conservatism," admits there is a housing bubble, then it must be true. I won't quote the juicy parts because Bubble Track does it for you.
And I'm glad to see that the POS idea has been taken up by that blog too. What better way to demonstrate the existence of the bubble?
2 comments:
As far as the POS idea, we must admit to jumping on that bandwagon
No problemo. The "price-to-what-you-get ratio" says it all...what better proof of the existence of a housing bubble?
Political orientation has NOTHING to do with belief in a particular asset bubble...it's all about the greed of the participants. (Greed crosses all political bounds--the housing bubble started in the lefty SF Bay area.)
Rush Limbaugh is an *entertainer* and shouldn't be taken seriously by anyone...
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