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<img src="http://imgs.xkcd.com/comics/duty_calls.png" alt="" />

<a href="http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom">A good article by the author of that book on this very topic</a>

magic underwear! "The world is a comedy to those that think; a tragedy to those that feel" If I were an enterprising governor of some small neighbouring state (Oregon? Nevada?) I'd push thru a quick law legalizing gay marriage. Would do wonders to the economy.

I was in the same situation 9 months ago. +1 on the commute. Renting takes out the stress of long-term value considerations involved in purchasing. So might as well start living more, worrying less. I rented in Quail Hill when my landlord moved up to Shady Canyon. He bought both houses for...

Hell, I'd auction off my marriage too (not the relationship or family, mind). As someone married to a catholic, I would advise that you guys don't hold your hopes up, not yet anyway. It is as if a chip is implanted in the brain. It still scares me sometimes. I've been noticing similar blank...

Scandinavian societies are much more culturally and ethnically homogenious, so social cohesion is easier to achieve. (Scandi countries also rank the highest in suiside rates, but this may have something to do with climate/sunshine) Checks and balances are all great, but the they haven't...

Just put two and two together, Arnold! Just auction Prop 8! Both sides spent $70mil campaigning.. Instead the state needs to make a blind auction, where neither side knows what the tally is until the cut off, the loosing side does not get the money back. There is probably $0.5bn in it for the...

IR, thank you for leading the horse to the water!

I think BK is alluding to the destruction of self-reliant mindset that socialism promotes. On the other hand, mortgage equity abuses and other forms of getting something for nothing, including the banking bailout, bakruptcy-remote vehicles, securitisations, etc also qualify. I don't know...

I shouldn't have posted the chart, because the point is in the rollercoaster video. I believe 2006-to-date index is about 30% down, with 10% more priced in by property derivatives a done deal, so 40% from peak. This puts us around 120 on the chart, or roughly around the upper levels of the...

Rollercoaster height is from this Shiller chart: http://www.speculativebubble.com/images/homevalues1.gif

For whatever reason serious-looking but clueless people in ties decided that the right way to look at economic data is via a boring 2d static chart. I like the rollercoaster way much better. It takes away the foolish notions one can have about forecasting the future by extrapolation of a...

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the...

I guess it can be thought of as a public convenience... If you were caught SPEEDING, wouldn't you prefer to spend the night near your home?

Ok, considering the non-zero probability of the society sliding into the abyss as a result of the financial system collapse followed by the commercial collapse (NOT the main case scenario, but possible), the risk case is a riot that results in a massive jail break. I can only imagine that...

One of those houses was mine, I went away for a weekend and left my garage door open. When I came back there was a flyer placed all the way in the back of the garage, so they clearly entered it. None of the stuff was gone though. QH is indeed nice and quiet, although there is children's...

Singles bar on-line UC Irvine campus (depends on your age)

Ok, my "analysis" was a joke. The real reason of course is that the income scale is more exponential than human temperature comfort function.