The Case-Shiller housing index has dropped like a rock. Contrarians are calling
a bottom. I am still of the opinion that as long as there is a sizeable minority saying that the market has capitulated, the market has not capitulated.
That's it. That's the entire post. A statement and a flip, intellectually vapid response. Which would be just fine if this were a Live Journal or Facebook page, but Megan blogs on economics. She gives no new information, no analysis, nothing. Why is this woman paid so much money to do so little?
If you read Mish's Global Economic Trends, or Calculated Risk, or The Big Picture you get understandable explanations, charts, facts, and analysis. With Megan you get nothing.
Last night I watched a television cook-off. The woman judge looked amazingly like Megan. She had the same accent, the same hair, the same way of holding herself, the same lack of substance. She was a New Yorker writing for New Yorkers, and probably perfect for it, but why should I care?