Linkfest Link Barrage Tidbits on real estate and oil, since this last weekend was about sun and fun (at least around here).
- After reporting homes sales were up 4% in New Jersey for the first quarter, the NAR decided that was a tad too optimistic. Revised first quarter…down 30%. As it turns out, a member agent pointed out the error of the NJ faction’s ways. I told you agents were getting pissed.
- The Washington Post is running a three-part series on the housing meltdown, just in case real estate agents, homeowners, investors, etc. still believe the NAR propaganda (i.e. it’s all the press’s fault).
- Countrywide’s Congressional Mortgage Discount Club does not exist. Any thinking to the contrary is “outrageous.”
- David Merkel hands out a few notes on crude oil. Up front, and of particular interest, is the rail against government action to discouraging speculation. Mentioned previously.
- The whole oil mess might be a non-issue anyway – scientists have discovered bacteria that eat garbage and “poop” oil. Will the debate over abiotic oil heat up from here?
- Peak oil or no peak oil, Donald Rumsfeld isn’t waiting around to find out. He bought a Vespa.