Housing data for May shows concrete signs of improvement in California (aka Ground Zero).

Some interesting holiday history…

In which TRB lobs a long-overdue grenade at a very deserving sacred cow target.

Cartoon by Nick Anderson

A longer term look at stocks and their valuations.

Some of my favorite quotes of the week.

Their silence is deafening.

Throwbacks to an earlier time in our oil entrepreneurial history.

Nothing doing on the inflation front with May’s CPI.

Links, everybody!