The drumbeat on the housing market bust is getting louder. The Economist puts a rough prediction at some time next year. Reminds me of just before the dot com bust. Is this one real? I hope not. But it's increasingly looking like it may be.

Paul Stoddart has published a timeline of the Indy debacle from his point of view which bears out much of my own suspicion regarding Mosely's hand in this. If confirmed, the FIA's threats and overall behavior leave much to be desired from a sanctioning body supposedly concerned about driver and spectator safety.