Stone Pigs

undeniable underlying truths

Housing Doesn’t Need Fixing

| November 13, 2008

It seems to me that housing would very quickly fix itself if the market were just allowed to take its natural course: homeowners default on mortgages, get foreclosed, banks sell asset at a loss to investors, who turn around and rent the house (possibly even back to the original resident).

Is Gas Priced Right?

| November 7, 2008

When we saw oil price increases of $5 in a single day, that wasn’t due to supply/demand — that’s speculation and/or political hysteria.