New York Bubble Battle

Aspiring publicists take heed! Dave Platter proves that the “real-estate bubble” as a meaningful term has not only taken the summer off, but is heading for extinction.

It seems like only early June when we were discussing something called “the iron bubble” (subscription required) as a means of deflating some of the senseless bubble-talk about the New York market.

So I guess we’re all done talking about the bubble, right? Wrong! The ever-concerned Paul Krugman had this to say only yesterday:

“Of course, some people still deny that there’s a housing bubble. Let me explain how we know that they’re wrong.”

The professor’s lecture (er, column) also included some new terms reporters can overuse this fall: “zoned zone,” “flatland,” and “the hissing sound.”

Hiiiisssssssss.

-Michael Calderone

Article continues below
More from Politics
STAR OF DAVID OR 'PLAIN STAR'?   If you thought "CP Time" was impolitic, on July 2 Donald Trump posted a picture on Twitter of a Star of David on top of a pile of cash next to Hillary Clinton's face. You'd think after the aforementioned crime stats incident (or after engaging a user called "@WhiteGenocideTM," or blasting out a quote from Benito Mussolini, or...) Trump would have learned to wait a full 15 seconds before hitting the "Tweet" button. But not only was the gaffe itself bad, the attempts at damage control made the BP oil spill response look a virtuoso performance.  About two hours after the image went up on Trump's account, somebody took it down and replaced it with a similar picture that swapped the hexagram with a circle (bearing the same legend "Most Corrupt Candidate Ever!"!). Believe it or not, it actually got worse from there. As reports arose that the first image had originated on a white supremacist message board, Trump insisted that the shape was a "sheriff's star," or "plain star," not a Star of David. And he continued to sulk about the coverage online and in public for days afterward, even when the media was clearly ready to move on. This refusal to just let some bad press go would haunt him later on.
Donald Trump More Or Less Says He’ll Keep On Tweeting as President