Investment in single family homes has done some serious cliff diving.
Rebecca Wilder calculates housing bubbles - measured in terms of the price-to-rent ratio - for the UK, Ireland, Spain, and Germany as well as the U.S. (pointer via MarkThoma). America's bubble looks downright mild compared to Ireland, the UK, and Spain.
Felix Salmon points to Michael Lewis' review of the new Warren Buffet biography by Alice Schroeder.
Economists Betsey Stevenson and Justin Wolfers identify one (pointer via Mark Thoma)...
Tyler Cowen points to a new NBER study that concludes that the shadow banking system is misnamed: it's part of the real banking system and at the heart of the financial crisis:
Calling all urbanists and sustainable environmentalists. The car-less German suburb story is the most e-mailed at the New York Times.