Real Estate Outlook 2012-2013

Real estate markets are unbalanced in most parts of the country: vacancy is too high, but construction is too low. That sounds contradictory, because construction should be low when vacancy is high. Looking forward, however, …
Read More

European Financial Crisis

Two resources for understanding the European financial crisis: Barry Eichengreen lecturing about the European crisis (hat tip to Economist's View, runs 1 hour 28 minutes):     Saturday Night Live also explains the crisis (a …
Read More

Risk of Recession

Here's a quick update on the risk of recession. The Wall Street Journal's survey of economists shows the risk of recession is believed to be about one chance in four, down from one chance in …
Read More