OK, so if we bloggers can’t make fun of serious issues, who will? It’s not every day you get Pay no attention to the man behind the curtain! from WSJ and WaPo on different issues on the same day 
WaPo (8/30 ’10): “Top China bank official’s defection rumors quashed”
WSJ (8/30 ’10): “Ignore Talk of a Housing Tax Credit ‘Revival’ “
Clearly it will take Zhou no more than five minutes on the phone with Carol Off to Popper-off the first feverish speculation, but the second one is a bit more ticklish. Nick knows as well as we at Doom that Son of $8k would be a disaster, but he also knows that widespread expectation of such a dumb move, in the context of the US midterm election coming nine weeks from today, would force a panicked announcement of a resumption anyway. I think the funniest aspect of yesterday’s exercise in speculation management was Rupert’s headline editor putting that second header in the form of an order.
Mish's Global Economic Analysis
UK House Bubble
Northern Virginia Housing Bubble Fallout
Ohio Fraudclosure
Bubble Meter
Breaking News Relevant Articles© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
Today is definitely a day of propaganda to remember. The Case Shiller index was talked about in the news, and every article is talking home prices are up over the last 6 months to a year. Some have mentioned that demand faded and prices are expected to fall through the rest of the year.