Afternoon links 7-14
The Billyburg Bust (NY Mag) A fascinating and detailed look at the real estate bust in my old neighborhood of Williamsburg, Brooklyn.
Springtime for German dollar borrowing (Barron’s) Germany holds billions worth of dollar-denominated reserves and is therefore unhappy with U.S. plans to debase its currency. If the dollar is going to lose value, might as well issue dollar-denominated debt too. If you can’t beat ‘em, join ‘em.
As foreclosures surge, Obama considers rental option (CR) Does this mean folks could stop paying their mortgage and then negotiate a lease with the bank?
Morning madness, economic fundamentals (Denninger) Karl explains why the math behind stimulus doesn’t add up.
NYPD wastes $1m on typewriters (NY Post)
Bridal bouquet brings down plane (BBC) Oops.