A reader writes in with an extremely good question — does anybody know the answer?
David Leonhardt today revisits the great rent vs buy debate — something I was talking about on All Things Considered just this weekend. He’s also updated the excellent NYT rent vs buy calculator, which he uses to agree with Dean Baker that the point at which it makes more sense to buy than to rent is probably closer to 15 than to 20, if you’re looking at the ratio of house price to alternative annual rent.
Both the WSJ and the FT have got their hands on a letter from John Paulson to his investors, but infuriatingly neither of them have seen fit to share it with their readers. So we’re left with a few snippets of direct quotes, and we have to simply guess at the overall tone of the note.
In the wake of the SEC charges against Goldman Sachs, a lot of people have been wondering whether Magnetar, or its bankers, might be next up in the SEC’s crosshairs. Moe Tkacik has been looking into Magnetar for a couple of months now, and I spent a lot of time on IM with her today, learning just what it is about Magnetar which seems to drive people crazy — to the point at which they’ll happily spend seven months on a journalistic investigation of the company.