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.
Hotels: Occupancy Rate Decreased 0.9% Year-over-year; Weak Summer
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From STR: U.S. hotel results for week ending 16 August
The U.S. hotel industry reported mostly negative year-over-year
comparisons, according to CoStar’s l...
4 hours ago
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