Barry Ritholtz of The Big Picture says:
In 2006, just as the Housing market was peaking, the NYT ran this graphic of the 100-year Case Shiller chart. It showed how radically overvalued Housing had become.
Two years later, TBP reader Steve Barry updated that graphic, including the projected Home Price mean reversion.
Its time to update this for 2011. Note the 2009 tax credit wiggle.
Case Shiller 100 Year Chart (2011 Update)
California governor Jerry Brown today approved a mandatory minimum wage of $15 an hour by 2022. The bill’s enactment came within hours of a similar bill signing in New York by governor Andrew Cuomo.
Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership, or TPP, could be the worst trade agreement ever negotiated in history. In an interview with CBC News, he recommended that the government of Canada insist on reworking it.
Last week, Boing Boing pals Douglas Rushkoff, author of Throwing Rocks at the Google Bus, and Marina Gorbis, executive director at Institute for the Future (where I’m a researcher), took the stage at San Francisco’s Commonwealth Club to discuss why we’ve lost sight of the open Web and how the digital economy has gone terribly […]
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