Relevant and even prescient commentary on news, politics and the economy.

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Housing Update

After a nice long weekend, a little reading … NY Times on Australia: Hole in the Housing Bubble The Australian housing boom has come to a halt, in a move…

Opiate Addiction Treatment

…if you aren’t getting therapy along with it. Reality: In a perfect world, addiction treatment should include MOUD as well as therapy, recovery coaching, support groups, housing assistance, and employment…

More on Gagnon

…in the direction of people who build houses now and of other people who refinance their mortgages now. The price of outstanding MBS does not affect the housing market except…

SOCIAL SECURITY: IT’S JUST MATH

Update: By Dale Coberly (was inadvertently omitted as author, although regulars know and the label names him) SOCIAL SECURITY: IT’S JUST MATH or how to lie with numbers “Math doesn’t…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…