Tag: lies

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Don’t Believe Housing Market Lies

I once again see disturbing trends rearing their ugly heads in the U.S. housing market. Twelve years ago, I warned about the housing bubble long before it burst—then living in the Washington, D.C.-metro area. Now my vantage point is San Diego, where home prices soar and sales (finally) start to stagnate.

Justification, set against measurable trends, often is a fantastic measure that something is amiss.

Metaphor: In film “The Big Short“, set during last decade, a Florida real estate agent drives around a group of Wall Street investors trying to discern whether or not there is a housing bubble. As they pass property after property for sale, she explains: “The market is in an itsy-bitsy little gully right now”. Eh, yeah. That gully later became a giant sinkhole. This morning, I received a newsletter from a local realtor that claims: “Pending home sales were sluggish in April as low supply reared its head”. Crazy thing, I see plenty of inventory for sale—and for increasingly longer times today than four or five months ago. The newsletter’s assertion rings like a justification worth concern. 

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Remember, Everybody Lies

Posting today, JR Raphael review “In depth: What Asus’s $179 Chromebox is actually like to use” is excellent cautionary tale in responsible reporting. Companies exert as much influence as they can get away with when interacting with product reviewers, who should always expect trickery.

The Chromebox supposedly ships with 2GB of RAM, which in my testing is really insufficient for Chrome OS. Users can make-do with so little, but many will want more. Asus gives where it shouldn’t.

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Banks Play the Foreclosure Blame Game

Big business plays the kind of blame game that makes four year-olds crying “He made me do it!” seemingly mature. So, I’m not surprised that yesterday before the US Senate Committee on Banking, House & Urban Affairs, Bank of America’s Barbara Desoer blamed investors for the financial institution’s inability to modify more mortgages. It’s not her fault!—she claims. She makes a strange distinction between investors and shareholders, in the process casting blame as misdirection from a much larger problem: Banks and other lenders mishandling mortgage/foreclosure paperwork.

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Truth Be Told

According to Fox’s House, “Everybody lies”. Funny thing, truth is one of the highest values in American culture, even if many people do in fact lie from time to time, or—in some cases—most of the time.

The esteemed value of truth—or at least not lying—is baked into the U.S. legal system. Former President Bill Clinton got nailed for lying as did Martha Stewart. The lying, or obstruction to getting truth, is what sunk them into legal hot water.

Now it’s US Attorney General Alberto Gonzales in the boiling pot. For what? Lying.