Saturday, July 04, 2009

Jimmy? Elvis? You Here?

Here are two names that probably never appeared in the same sentence together before:
For those with unblemished credit histories, the [mortgage] rates resembled those our parents and grandparents talked about, much as they recounted hearing Elvis Presley or Jimmy Dorsey for the first time.
So Mark Zandi in Financial Shock! Okay, there is a sense in which this can be true (our parents did x and our grandparents did y). But sticklers will point out that Elvis had his first great breakthrough with Heartbreak Hotel in the Spring of 1956, less than a year before Dorsey died. Dorsey, meanwhile, went to the top of the charts with Pennies from Heaven, featuring Bing Crosby, recorded on August 17, 1936, when Presley was 19 months old. It is unlikely anybody used those pennies from heaven to pay off a mortgage on Heartbreak Hotel.

Good book, Financial Shock!, but I'm not sure I'll count on him for pop culture criticism.

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