September 26th, 2007

HOUSING BUBBLE WATCH….The housing meltdown continues apace

says Kevin Drum.

To nit-pick: bubbles pop if made of soap, sag if of gum; implode is a sound generic term. An igloo can melt, at a pinch a sandcastle.

Only resourceful Hollywood can unmix the metaphors. In one of the later Bond movies, Die Another Day, the villain’s essential palace-cum-death-ray-control-centre is a huge dome made of ice. In the finale this naturally both implodes and melts. So a bubble meltdown can fit crazed plans for world domination, not the mundane housing slump.

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