Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
Sunday, December 17, 2006
Housing bubble explained
You have to love criminals; they always have such a fresh perspective. If you saw insane increases in residential property valuations, what would you do? If your answer was "collude with the seller to inflate the price of a house, buy it with borrowed money, keep the margin, and default on the loan," then the housing bubble has really been working for you.
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