Housing Bubble

With today’s coronavirus-inspired stock market plunge, we can look back at the last big market downturn via John’s blog post on the very first glimmerings of the housing bubble popping. Depression, Revision, Imperative It has been less than 20 years since the last time a really big real-estate

It is fascinating to look back on the Presidency of George W. Bush. He was widely disliked in his second term, but at this point hardly anyone bothers to notice him for good or ill. Which is rather unlike Ronald Reagan, who still inspires hatred nearly 40 years later. I

This collection of hollow reassurances from 2007 that there wasn’t a real estate bubble are quite a gem. 1. The Sky isn't falling. The real estate market always fluctuates.... [Barometric pressure fluctuates, too. That's one of the ways to tell that a hurricane is coming.

I had forgotten about this one, but it can’t have been an inconsiderable reason for my bubble skepticism in 2007/8. John also offers a theory that the resurgence of evangelical Christianity in the mid-2000s was not in fact incipient theocracy, but rather a return to a pattern that