November 2008

The stock market is now down about 50% from its recent highs. The stock market decline is supposed to be an effect of the housing market bust. Meanwhile, the prices of houses, which are much less liquid and slower to… Read More »More Housing Pain to Come?

Kudos to Helena Cobban for calling on Rahm Emanuel to repudiate his father’s anti-Arab comments to the Ma’ariv newspaper, and for reporting that he has done so. Like her, I am not crazy about having a dual national Israeli-American as… Read More »Rahm Emanuel Apologizes for Father’s Anti-Arab Comments