Date: June 23rd, 2009

Driving through the rear-view mirror: Part 1, info under the influence

23 June, 2009 (09:55) | Appraisals, Fannie Mae, Housing Finance, Innovations, Subprime, US News, Value Chain | No comments

As sensory creatures, all we ever perceive is the past, because every signal comes to us after the event which it reports.

All we know is what’s behind us

Our brains reinterpret this flurry of pass information into a seamless present, which works beautifully except when reporting cycles are misaligned, [...]