There were a lot of headlines today about the bad news in the Mortgage Bankers Association’s quarterly delinquency survey. Fair enough–mortgage delinquencies and foreclosures are up, and the percentage of loans entering the foreclosure process in the fourth quarter of 2006 (0.54%) was the highest on record. But still, the overall percentage of mortgages that [...]
I thought this was interesting, coming as it does from a former chairman of President Bush’s Council of Economic Advisers (Greg Mankiw, in case you don’t feel like clicking though). Mankiw quotes a John McCain interview with National Review in which the Senator declares: Tax cuts, starting with Kennedy, as we all know, increase revenues. [...]
A couple of weeks before Google announced in October that it was buying YouTube, Mark Cuban famously declared that “anyone who buys [YouTube] is a moron.” Speaking before a group of advertisers in New York, he went on: They are just breaking the law. The only reason it hasn’t been sued yet is because there [...]
