Bird is the Word!
By Barry Ritholtz - May 9th, 2009, 7:30PM
An Indian-born economist once explained his personal theory of reincarnation to his graduate economics class. "If you are a good economist, a virtuous economist," he said, "you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist." —Paul Krugman, "Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations" (1994, page xi):
Macro Notes
NAHB housing survey still depressedPeter Boockvar
The March NAHB home builder sentiment figure was 15, 2 pts below expectations, down from 17 in Feb and matches the lowest level since June '09. Both Present conditions and Future expectations fell and the Prospective Buyers Traffic component was down by 2 pts to the lowest level since Mar '09. The regional breakdown in this last category was mixed as traffic rose in the Northeast and West but was down in the Midwest and South. The NAHB chief economist said "the lack of available credit for new projects, the large number of distressed properties for sale and the continuing...
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May 10th, 2009 at 7:09 am
http://www.youtube.com/watch?v=2WNrx2jq184
blijft moeilijk plaatjes plakken
May 10th, 2009 at 2:50 pm
Since we’ve “migrated” to the subject of birds, the following is an interesting video about a dancing bird:
http://www.sciencefriday.com/videos/watch/10216/
This video, however, has nothing whatsoever to do with economics or the stock market.