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?
My biggest bitch is that she offers no explanation of the (I assume) economic jargon she uses. We might learn something if she could clarify what she's talking about, or at least better understand what's going on if we are ever trapped between two econ grad students at a party (a fate worse than death) but all Megan can do is drop jargon before us.
ReplyDeleteBut if she explained what she was talking about, then she couldn't dazzle us with her far, far greater knowledge.
ReplyDeleteIt defeats the purpose of her blog, but it does seem to give her a warm glow.
There's no link to the actual post.
ReplyDeleteLookit more Megan:
http://crookedtimber.org/2008/06/28/skill-biased-diaper-change/
Thanks, RB.
ReplyDeleteI have trouble believing that the Atlantic keeps Megan becuase she attracts attention. They probably just want to promote people who think like them. Which is sad.
I have trouble believing that the Atlantic keeps Megan becuase she attracts attention. They probably just want to promote people who think like them.
ReplyDeleteYeah. You could attract attention by hiring David Duke, but they don't. They believe Megan's a thinker of some sort.
if we are ever trapped between two econ grad students at a party (a fate worse than death)
ReplyDeleteOh, you have no idea . . .