Friday, September 11, 2009

The Debts of the Spenders: Thousands of Abandoned/Foreclosed Homes Threatened by Florida Hurricanes

And now, for something truly hilarious weekend reading from the Onion. Just another reminder of how the markets have disconnected from fundamental realities:

"Those who haven't already lost everything to the housing-market crash are urged to evacuate their homes immediately," said Robert Menken, head meteorologist at the National Weather Bureau. "That should be about 10 or 12 of you. Everyone else, please stay where you are, probably on the couch of some in-law who lives near Atlanta."
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