Even Google is Paranoid!

Given Google's new found paranoia, it gives me a certain amount of comfort to know that the laws of the free market and capitalism are still alive and well, even during a time where government programs and institutions are pushing a more socialist environment on the social side of our country's development.

Back in September, I wrote "Viva Monopoly!" about the importance of monopolies in a free economy. They offer an incentive for free enterprise to efficiently capitalize on a new innovation. Seems Google is noticing that annoying little dog nipping at it's heels:

http://valleywag.gawker.com/5291274/googles-new-paranoia

NPR Interview from May 4

More fun stuff... NPR was looking for some to talk expertly about the national real estate market and the recent March numbers released from the National Association of REALTORS. Instead, they got stuck with me...

Here's a link to the short segment - Scott Sambucci on NPR.

Quoted in Business Week article

This is kind of neat, and in the spirit of vanity (or more likely to help my self-esteem), thought I'd point out the article published on BusinessWeek.com this weekend where I was quoted:

Zip Codes with the Biggest Listing Price Gains by Prashant Gopal

We (meaning Altos Research) helped him out in his research by providing some real-time real estate market data.

John Hussman on the Banking & Housing Markets

From John Hussman, of Hussman Funds, this article provides one of the most lucid descriptions of why the poorly constructed (I hate using the word "toxic"...) mortgage assets on bank balance sheets pose such as problem, and a clear set of solutions that would probably work if implemented. Hussman explains why allowing the banks to charge the negative assets to existing bank bondholders instead of using government cash infusions is a more natural plan, and why we're not even close to getting out of the woods in the housing market:

http://hussmanfunds.com/wmc/wmc090330.htm

Geithner on George Stephanopoulos

Watching the George Stephanopoulos show this morning (I'm not sure why, but....), but here are some notes from the interview:

• "People with ideas still want to come to the United States."
• "We need banks to take risk again - take a chance again on providing credit to that business..."
• After Stephanopoulos introduced Paul Krugman's comments that the Geithner plan is financial hocus pocus - "This is a conservative structure to have the private investor with the government sharing the risk."
• Stephanopoulos asked how much is left in TARP? - "$135 billion in uncommitted, including money coming back from banks that are stronger than thought and are not in need to the money originally allocated to them."
• On inflation that could be caused by printing money to finance the federal actions - "We'll never have hyperinflation. Increased money supply will not cause hyperinflation."
• Government has historically taken too long to assist in recovery, and pulled out of recovery mode too soon as soon as a glimmer of light was seen - Japan and Sweden in the 1990s, the United States Savings & Loans crisis, and the Great Depression.
• "Right now, we're about where we thought we'd be."
• "Damage from this situation is brutal, indiscriminate."
• "The market will not solve this. The error is not doing enough."