The Beatings Will Continue Until Morale Improves: DragonDictate for iPhone Department
Liveblogging World War II: May 14, 1940

links for 2010-05-13

  • BR: "You will note that the CRA is not part of this sequence. I could find no evidence that they were a cause or even a minor factor. If they were, the housing bubbles would not have been in California or S. Florida or Ls Vegas or Arizona — Harlem and South Philly and parts of Chicago and Washington DC would have been the focus. Nor do I blame Fannie and Freddie. Now understand, there is no love lost between myself and the GSEs.... But even I cannot reconcile the movement to place all of the world’s troubles at the feet of the GSEs. Not, at least, according to the data. That lack of evidence, however, doesn’t stop ideologues from making the attempt. Consider this attempt at rewriting the causes of the credit crisis by Kevin Hassett..."
  • MP: "As I have said many times before, I suspect we will see a lot of discontinuity in policymaking this year – amid lots of panicking – and recent events show just how. In the past few months Beijing seems to have become so worried about signs of overheating that, after trying unsuccessfully many times to pare growth carefully, it has given up the scalpel and has brought out the sledgehammer."
  • TM: "Kevin is puzzled as to why the media back in 1983 (pre-Fox, pre-Rush) felt comfortable bashing Reagan, that stupid heartless conservative cowboy. Yet today, the media is giving a pass to Obama, determined not to give aid and comfort to the racist tea-baggers who question his economic policies. Gosh, I wonder what's going on. Couldn't be media bias, since in LibWorld that doesn't exist - they are owned by evil corporations, some supported the invasion of Iraq, and anyway, Fox News, Wall Street Journal, Rush Limbaugh, neener, neener, neener."