– From Instapundit:
UH OH: WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices. “US diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40%.
Time to ride the bicycle more.
MBA: Mortgage Applications Decrease as Rates Jump
No kidding. Rates rise & buyers get more pinched.
– Web intelligence and the dispersion of public thought
– Housing Bubbles Are Few and Far Between
It’s not so comforting now, but when we have hindsight …
– 27% of Homeowners in the US are Underwater?
Of course, if we’re basing things on inaccurate Zestimates ….
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