The Post's John Podhoretz socks it too the media for foaming the bubble bath without the numbers to back it up (fuckers!). But we're not so totally sold on John's own analysis of the situation.
Luckily for you (and for me), I'm not an economist, so it's beyond my capacity to describe the complex macroeconomic reasons why this supposed bubble isn't a bubble. But common sense will tell you this: The housing market isn't like the stock market because people don't live inside their stock.Yes, lucky for all of us.
· The Feeble 'Bubble' Babble [NY Post]