Tanta Passes Away

From the New York Times: The blogger Tanta, an influential voice on the mortgage collapse, died Sunday morning in Columbus, Ohio. Tanta, who wrote for Calculated Risk, a finance and economics blog, was a pseudonym for Doris Dungey, 47, who until recently had lived in Upper Marlboro, Md. The cause of death was ovarian cancer, […]

-55% is the new -40%

Christopher Thornberg, the most bearish of the housing experts quoted in the Los Angeles Times earlier this year (predicting in March that Southern California home prices would eventually fall 40% from their peaks), now expects that prices will keep dropping throughout 2009, until they’ve fallen 55% from their peak. Even I found that a sobering […]