The Catch-22 Of Economics
The reality, I think, is that the economy follows its own Catch-22: by taking prosperity for granted, people perversely subvert prosperity. The more we—business managers, investors, consumers—think that economic growth is guaranteed and that risk and uncertainty are receding, the more we act in ways that raise risk, magnify un-certainty and threaten economic growth. Prosperity destabilizes itself.
The whole article is a worthy read and covers many of the topics I've discussed here.
1.73 million Total Housing Completions in 2024 including Manufactured
Homes; Most Since 2006
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Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total
Housing Completions in 2024 including Manufactured Homes; Most Since 2006
A brief ...
1 hour ago
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