Tuesday, May 12, 2009

McWilliams: houses prices are likely to fall another 50 per cent

Take a long look at the chart below. Digest it. Maybe look again if you have to. This happened in the most sophisticated economy in the world. This is what happened to the price of development land in Japan. Prices roared upwards and then collapsed, ending up below where they started at the beginning at the boom. This is likely to happen here; development land is likely to settle back to 1996 prices. We haven’t seen the half of it yet.

Read On...



Monday, May 11, 2009

NYTimes: Data, Not Design, Is King in the Age of Google

From The New York Times:

PING: Data, Not Design, Is King in the Age of Google
By MIGUEL HELFT

Google, a company driven by engineering, expects design decisions to
be backed up by data on customer preference. Is this shackling bold
design?...

http://www.nytimes.com/2009/05/10/business/10ping.html