MEDIAN HOME PRICES ARE WORSE THAN THEY APPEAR . . .
. . . because the published statistics are based only on homes that have sold – not those languishing on the market. Click here for the story. And don’t rush to buy a second home just yet; prices could have further to fall. Which could make for a tough economy; so don’t be buying stocks on margin or otherwise throwing caution to the wind.
But it’s the holiday season, and I don’t want to depress you, so . . .
THE WHITE HOUSE HOLIDAY VIDEO
James Musters: ‘Um…. I think they have lost grip of reality.’
☞ Click here if you haven’t seen it. ‘Cute’ may not be the mood we’re looking for from the White House just now – but maybe that’s just Mr. Musters and me.
This isn’t cute, it’s treacly. Sap that I am, I liked it even so. (Do you cry when you watch ‘It’s a Wonderful Life’? No? Well, then, skip this and go kick a dog [perhaps one of the ones in the White House holiday video].)
Quote of the Day
A veteran Massachusetts politician not so long ago was horrified at the conduct of a less savvy colleague who was indicted for bribery: 'Imagine taking money from a stranger.'~Wall Street Journal, 10/14/93
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