Patient, I agree, something is amuck with shiller these days. I realize that he is an academic and doesn’t want to see real pain but he has been pretty flat over the last few months. He seems to also really respect Paulson and doesn’t want to throw him down, but shiller is a bright guy and in the spirit of Chris’ post, just because I think he is off base a little doesn’t mean I should ignore him, homeboy has more than the 10% margin of I.Q. points on me. The other two were pretty entertaining, they seem to share my opinion that the bandaid should be ripped off quickly, take the quick pain and the recovery will ensue. Meddling will only postpone the inevitable, the sooner we restore order to the universe the better and perhaps we can avoid inflation and a weak dollar in the process. But I’m a jerk, I watch the forclosure numbers like a football game, feeling no sympathy and rooting for the ruin of others, karma will get me I’m sure of it. Personally I don’t agree with all that American Dream of home ownership, I’ve owned for all of my adult life with the exception of now and I’m happier than I have eve been. I was enjoying a steak at Morton’s the other day with some buddies and thinking to myself, this bitter renter lifestyle aint half bad. I was the only renter at the table and I picked up the tab, I figured it was the least I could do, I was the only one at the table not losing a thousand dollars a week in equity.
