Yesterday Calculated Risk pointed out the flaw in a lame attempt to disassociate house inflation from the rampant consumption that went bust last year. The survey purported to show that house price inflation didn’t have all that much effect on spending; no, no it’s not all that.
There are two parts here: 1) how do [...]
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Blog of Comments- Potemkin Lab December 31, 1969At. Dr. Helen, “Dr. D” writes: I went to a Navy lab where I hoped to find funding to do the work that private industry could not afford to do. I was not that way at all. All of the funding when to private industry, particularly KAPL and Bettis labs, to do the work I hoped [...]
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