It has been raining pretty heavy the past two days which means two things:
-It's wet outside
-Massachusetts drivers park their cars on all the major highways
Thus I am home way late and have no time to write anything worthwile. This is good as you get to save 5 minutes of your life and I get to dig into the second half of American Apocalypse II; Refuge written by Nova of the Calculated Risk comments section fame. I read half last night and this sequel has really been excellent and I hope to finish tonight.
A couple of blurbs.
-Former Minyanville regular Mr. Practical had a rare item up today that is a must read:
We're All in a Race to the Bottom
This guy is one of the very best out there.
-I did have a whole post outlined in my mind that was built on this Paul Krugman item:
Krugman or Paulson: Who You Gonna Bet On?
Krugman is happy to point out Paulson saw a recovery on the way while The Krugmonster just knew the stimulus was too puny to work. My article was to be centered around the idea that Krugmonster thought the stimulus measures were too small by a factor of 3 or 4X. If he is so right then should there not have been a structural recovery in housing, unemployment, etc only 3X smaller than he would have thought? As there has been no such thing, how does the Nobel winner explain this?
-Final item concerns robots once again. I find it funny that when I said the next bubble was to be in robots, I was all alone. Well here is another serving:
NASA Tests First Cylon
A new human like robot to assist in space walks. Just don't put him in charge of the bay doors whatever you do!
In a while when over investment in robotics blows up I fully expect to be remembered as a predictive luminary like Nostradamus and Joe Namath. Fear not, we can stash a couple of robots in all the empty houses to perform maintenance to keep the paper value of the homes inflated. Word of caution to all squatters; here is the future of empty in-home robotic security:
Have a good night.