– From Instapundit:
UH OH: WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices. â€œUS diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40%.
Time to ride the bicycle more.
MBA: Mortgage Applications Decrease as Rates Jump
No kidding. Rates rise & buyers get more pinched.
It’s not so comforting now, but when we have hindsight …
Of course, if we’re basing things on inaccurate Zestimates ….