the housing market in California has pretty much hit bottom, and the same is largely true in most of the places in the US where prices went up to the sky, then fell to earth
Month: May 2008
How to do health care right
The American health care system is socialism without a central plan, and capitalism without markets or prices.
More maths on oil
Demand is going to rise one hell of a lot. Supply for that demand just is not there.
Terror works
the greater the injury, the less the hostility. Certainly that is how things worked out for the communists.
Finally, some one else does the maths on oil
the price of oil will rise without limit until coal to oil and nuclear to hydrogen fills the gap. And right now, coal to oil projects are insignificant, and nuclear to hydrogen is not even on the drawing board.
This time they did ring a bell at the bottom
The bell has just rang to announce the bottom of the housing market in California.
Meaning of Hezbollah offensive in Lebanon
On May 9, Hezbollah fighters were wandering around Lebanon. The meaning and implications of these events were not clear at the time. No one, least of all Hezbollah, had a clear idea. Now it is clear what happened. The Lebanese state is a failed state. It lacks the will and capability to fight the various …
Genocidal famine still planned
At present, Environmental Protection Agency rules require that that Americans convert food that could feed five hundred million people into fuel. But this is not enough. The rules require that it be increased five fold over the next fifteen years.
Europe is falling
Observe in this video the British police are as frightened and weak before Muslims, as the British police are terrifying and dominating over Britishers in other videos. The British state is as contemptible to its enemies as it is terrifying to its subjects. The fear and weakness we see in this video, we also saw …
Exxon blows it
Bryan Caplan wonders if oil prices are a bubble. When oil spikes abruptly, that means people made incorrect investment decisions – under invested in exploration, development, and gas to liquids conversion. A simple back of the envelope calculation tells me they are still under investing. Exxon recently abandoned gas to liquids plant that would be …