Housing Doom Housing Bubble Blog

A nation that forgets its past is doomed to repeat it. - Churchill

August 20th, 2007

The Crack of Doom - Week of August 20, 2007

"You mean to say that debt was loaded, with due care and consideration, on folk for whom a single interest-rate increase was the crack of doom?"

Yes.

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August 20th, 2007

Three American Presidents and their Montebello Madness

The next 48+ hours are shaping up to be a real fur-ball. North America’s rapidly fading troika of government leaders was planning to spend a couple of quiet days advancing their Security and Prosperity Partnership,[1] accompanied only by the traditionally ineffective anti-globalization protests,[2] but events seem to be conspiring to overtake them.

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