Monday, May 30, 2005

And the flood waters rose

Theoretically, I should be looking for disconfirming evidence to fit my housing bubble theory. Since we do not and can not have perfect information, we never try to prove something true, we only fail to prove something false. For example, all the evidence people had piled up to prove that the world was flat were rejected based on a single piece of contrary evidence--Magellen sailed around it. However, I'm too lazy to approach this scientifically, so I present the first tremors in the collapse of the housing market.

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