Category: Egypt

The specter of hyperinflation

20 February, 2013 (09:30) | Capital markets, currency, democracy, Dictatorship, Economics, Egypt, Housing, hyperinflation, Inflation |

By:David A. Smith   Having worked in Egypt multiple times over the last eight years, I have good professional colleagues and friends in Cairo, so I’ve followed attentively the nation’s turmoil after newly elected President Mohammed Morsi started his campaign of grabbing power.  Whatever the politics of it (and I’ve been in the Middle East [...]

Dictatorship is uneconomic

19 February, 2013 (16:50) | Argentina, Capital markets, dictators, Egypt, Global news, Government, Primer Posts, Speculation, Theory |

By:David A. Smith   As far as I can tell, dictatorships end in only three ways: internal revolution, aggressive war, or economic collapse from hyperinflation, a theory we are close to testing in Argentina (Washington Post, February 4, 2013), and could possibly come to a crucial test a few months hence in Egypt Reuters (January [...]

Month in Review, June, 2012: Part 2, this is a happy occasion

22 August, 2012 (09:00) | Affordable Housing, Charities, Cities, Egypt, Euro, Foreclosure, Local issues, Mobile homes, Month in review, Municipal bankruptcy, Policy, Regulation, Theory, Zoning |

[Previous Months in Review available here: May 12, Apr 12, Mar 12, Feb 12, Jan 12]   By:David A. Smith   [Continued from yesterday's Part 1.]   Unfortunately, not all houses house families, and housing that has too long been vacant of aspirant families or civilly-minded empty nesters can become a convenient shell for hermit [...]

Month in Review, June, 2012: Part 1, Let’s not bicker and argue

21 August, 2012 (09:00) | Affordable Housing, Charities, Cities, Egypt, Euro, Foreclosure, Local issues, Mobile homes, Month in review, Municipal bankruptcy, Policy, Regulation, Theory, Zoning |

[Previous Months in Review available here: May 12, Apr 12, Mar 12, Feb 12, Jan 12]   By:David A. Smith   In June, we rediscovered that, as anyone knows who’s trolled Facebook or compared an executive’s bio or Web site photo with the reality, what we present is usually more appealing than what we actually [...]

Affordable housing in Egypt

15 June, 2012 (12:36) | Cairo, Configuration, Egypt, Housing, Markets, Tenure |

By:David A. Smith   Sprouting in the desert: October Gardens townhouses   When it comes to understanding affordable housing, nothing substitutes for actually seeing the product, as built, in its location – and so, when I had a free day in Cairo a few weeks back, I naturally enough spent it not crawling through the [...]