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.
Real Estate Newsletter Articles this Week: Housing Starts Decreased to
1.256 million SAAR
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At the Calculated Risk Real Estate Newsletter this week:
[image: Multi Housing Starts and Single Family Housing Starts]*Click on
graph for larger image.*
...
7 hours ago
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