Might or Might Not: China’s Housing Bubble

China might (see video) or might not be experiencing a housing bubble.

This needlessly long segment is not the best representative of the ‘might’ position (or journalism), but is included because it’s always fun to look at empty cities and malls, particularly on Mondays.

[via Hacker News]

One of These Things is Not Like the Others

Before we get to the chart, let’s refresh ourselves on the drill…

Okay, now look at the chart and pick out what’s different…

Did you pick the Bush-Era Tax Cuts?  Then you’re absolutely right!

Unlike wars, downturns, bailouts and recoveries, we can project the direct financial effect of tax cuts before the fact.  Everything else on the subject is speculation.  At this point, that there is still a debate about it at all points to much deeper problems.

[Chart via GOOD]

Eisenhower’s Farewell

Though his warning about the military-industrial complex gets the most play, Eisenhower also expressed concern over public policy becoming a “captive of a scientific, technological elite” and of our democracy turning into an “insolvent phantom”.  Fifty years doesn’t seem like such a long time ago, but it sure looks and sounds different…

For comparison, here’s the last speech of everyone to follow: Kennedy, Johnson, Nixon, Ford, Carter, Reagan, H.W. Bush, Clinton, W. Bush.

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