" /> Coruscation: April 2007 Archives

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April 29, 2007

ClienteleI 1: Coachella

Security is silky here, when it’s noticeable at all.
There’s not much to secure. This is an indie-rock
festival — a gathering of property-owners,
memoir-writers, biochem majors, workshop-takers, etc.

-- Coachella 2007.

April 25, 2007

Housing spot prices from Radar

Radar Logic tracks housing prices, instantly.
( Instantly = daily )
Via Miller Samuel.

April 23, 2007

Marginal Utility / Tom Bozzo

atbozzo, curmudgeonly economist.

April 22, 2007

Susan Athey, econometrician, wins Clarke Medal

Susan Athey's applied econometrics and heterogeneity of mentorship
wins a Clarke medal, awarded to the most accomplished economist
nearing 40 and is the most distinguished prize short of a Nobel.

April 21, 2007


Tumblr makes blogging easier. Demo.

April 20, 2007

FHA mortgage limit should be $600,000

The government has fairly low limits on how big a mortgage
it will insure, so borrowers in New York City, for instance,
can receive a loan of about $363,000, far less than the
area’s median home price of about $470,000.

In Fairfield County, Conn., the maximum F.H.A. loan for a single-family
home is about $363,000, but the median price in the county’s largest
municipalities is $473,000.

Congress is considering raising the maximum loan to about $600,000, which
“would obviously help a lot of borrowers, especially in the Northeast.”

-- Brian J. Chappelle, founder of Potomac Partners in Washington,
consultants to the mortgage industry.

[ Via Bob Tedeschi, NYT ]

April 17, 2007

Predatory borrowers

Am I the only one who wonders how a person who borrows
money he can't repay, buys a house he can't afford, and then
stiffs his creditors, is allowed to play the victim?

-- Michael Lewis

April 16, 2007

Mortgage delinquency vs job growth/unemployment

As problem mortgages increase, lenders have tightened their
standards, adding further to pressures on the housing market.
As long as job growth remains strong, the housing downturn
will not derail the economy
, but the impact on consumer
spending is likely to be "more pronounced".

-- Mark Zandi, chief economist of Moody's Economy.com

[ Via WSJ ]

April 15, 2007

Blackberry Forums

blackberryforums, freshly designed for RIM users.
More on mobile and cel technology.

April 14, 2007

Playoff time in NY

All NY teams are in the playoffs this year.

NY Rangers, NY Islanders, NJ Devils and Buffalo Sabres.

Jaromir Jagr

April 13, 2007

Shareholders do not own the corporation

Shareholders lack most of the incidents of ownership, which we might
define as the rights to possess, use, and manage corporate assets, and
the rights to corporate income and assets.

Stephen Bainbridge

April 12, 2007

Representing American Greatness

We must how the planet that you're tiny and we're not.

-- Newt Gingrich

America is strong so long as its culture is strong and manly;
in order to keep America strong, neocons and religious
conservative attack internal movements or forces which
seem to threaten to weaken America's manly, violent resolve.

Americans who dissent or who "abuse" personal freedom
threaten the nation's unity. Those who criticize the war are
helping America's enemies by attacking America's willingness
to use violence to humiliate others.

-- Patriotboy

April 11, 2007

World class monkeys

"To be a world-class city we need to have good quality housing",
Ajay Maken said in an interview in his office in an upscale part of Delhi
where power failures are rare and the water supply is good (although
wild monkeys dance on the cars of officials outside, resistant
to all campaigns to banish them).

April 10, 2007

Owning a home is for debtors, not just the rich


By Toothpaste for Dinner.

Owning a home is for debtors, not just the rich.

April 9, 2007

Way of the Turtle

Way of The Turtle, by Curtis Faith.

Relatively simple trading systems can provide a
tradable edge, but it is psychologically difficult
for traders to follow these systems and exploit
that edge.

Recommended via Traderfeed Brett and Abnornal.

April 8, 2007

Tila is bummed

The reason why I am so bummed out about MySpace now is
because recently they have been cutting down our freedom
and taking away our rights slowly.

MySpace will now only allow you to use ‘MySpace’ things.

-- Tila Tequila, a singer who is one of MySpace’s most popular and visible users.

April 7, 2007

The lost caclulated risks comments

Calculated Risk is an blog about the US economy, economics
and risk management, and these days it has a focus on
mortgages and underwriting, and the housing market.
Buck in 2005 it posted on pensions and trade and was only 50 %
real estate.

During recent designs to add adverts (CR and Tanta deserve
adsense revenue more than any refinance - your - mortgage splog)
the comment scheme has gone haywire, from haloscan to blogger
and back and down and up and ...

As a result, there are orphaned blogger comments now that their
system is back on Haloscan. Here's how to find the lost blogger

  1. In your web browser:
  2. Find the post of interest published on a date near early April 2007.
  3. At the bottom of the post of interest, find the envelope-arrow icon, something like

  4. Shift-click or right click or whatever and select Copy Link Location.
  5. Open a new browser tab or window.
  6. Paste the following into the address field:


  7. Do not hit return or click on go/right arrow.
  8. Switch from browser to a text editor.
  9. Paste in the copied URL in the text editor.
  10. See the PostID number at the end of what you pasted. Example:


  11. Select and copy your postID, ex


  12. Switch back to you web browser new tab or window that you opened.
  13. Clci at the right end of the URL in the address field and paste
    to append the postID to the right end of the URL in the address field
  14. Hit return or click on Go/Right arrow.

  15. Your browser should load the old blogger comments for the post of interest.


    48 comments about Alt-A

    28 comments about UBS vs New Century

    51 comments about LA office buildings

    128 comments about March employment report

    19 Comments about AHM while you were out

April 6, 2007

Berliner trance music evolution: trance fans dance with their hands not their hips

Berliner Trance - Paul van Dyk (Goog video)
With Dr. Motte of Love Parade,

Dance music: from Acid house to Drum and Bass,
antecedants to today's
Tiesto, van Buuren, Corsten, DJ Dan, Carl Cox.

Top Tracks:
Cited: Vernon's Wonderland
progressive house of Digweed and Sasha, previously known for
mid-1990s trance anthems Heaven Scent and Xpander.

Cited b

[ Via MeFi2 ]

April 5, 2007

vresp fails

Vresp is an e-mail newsletter service.

Instead of sending an e-mail inviting users to click on, eg
http://stylizedfacts.com/coruscation/mortgage/ for
mortgage info, it invites users to click on something like


which does not resolve or redirect properly.

Newsletters should show the true URL, like
stylizedfacts.com/coruscation/mortgage/ for mortgage info.

April 4, 2007


There's an ulnimited supply
And there is no reason why
I tell you it was all a frame
They only did it cos the fame !
Who ?


Too many people had the suss
Too many people support us
An unlimited amount
Too many out lets in and out
Who ?

Sex Pestols : EMI

Apple and EMI just announced that they will be selling DRM-free
Apple songs through the iTunes Music Store. The songs will cost
130 percent of the price of the existing crippled songs, and you'll
get to choose. Weirdly, Apple seems to have sold this move to
EMI by saying that the DRM-free version will be a "premium"
offering for audiophiles who want higher-quality music.

I think that audiophiles are probably the people who have
the least trouble keeping up with the latest tips for efficiently
ripping the DRM off of their music -- the people who really
need DRM-free music are the punters who can't even spell DRM.

bb on emi drm

April 3, 2007

Don Cherry, vindicated Canadian

Then in 2004, during a discussion about whether visors should be
mandatory for N.H.L. players — Don Cherry believes they lead to
more reckless stickwork — he said disparagingly,

“Most of the guys that wear them are Europeans and French guys.”

Cherry came under criticism for that remark but was vindicated
somewhat by the fact that most visors in the N.H.L. were
indeed worn by European and French Canadian players.

Hocky Night in Canada, reported by by Matt Higgins.

April 2, 2007

NAR hype

"It's a great time to buy," said Pat Vredevoogd Combs, NAR's president. "
There's great amounts of inventory and interest rates are historically low.
We've got jobs being created."

quoted on F-chat.

April 1, 2007

Mortgage Who's who: Bob Tedeschi on mortgages at NYT

Bob Tedeschi takes a NY-centric look at mortgages.