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.
2nd Look at Local Housing Markets in April
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Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local
Housing Markets in April
A brief excerpt:
NOTE: The tables for active listings, n...
3 hours ago
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