Category: Eurozone

Month in Review, August, 2016: Part 2, The arc of economic conformity

22 November, 2016 (09:00) | Airbnb, as-of-right zoning, Development, Eurozone, Housing, Innovations, Italy, kayfabe, Speculation, work-live housing, Zoning, zoning-by-taste-police, ZTP | No comments

  By: David A. Smith   [Continued from yesterday’s Part 1.]     Yes, I read the Economist   So late am I in writing the periodic Month-in-Review retrospectives [Sorry, readers – Ed.], and so rapidly has our politics moved in the last few months, that it seems another century when the British vote for […]

Month in Review, August, 2016: Part 1, The arc of zoning

21 November, 2016 (09:00) | Airbnb, as-of-right zoning, Development, Eurozone, Housing, Innovations, Italy, kayfabe, Speculation, work-live housing, Zoning, zoning-by-taste-police, ZTP | No comments

  By: David A. Smith   When the history of the twentieth century is written, a chapter should be devoted to zoning.  The two-dimensional version was invented in the century’s first decade, and now a hundred years later, zoning in the urban context is so anachronistic as to be dysfunctional, as illustrated by three posts […]

Twilight at the Groucho Marx club: Part 3, From whatever source

3 August, 2016 (09:00) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts |

By: David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   After the previous two parts, using as source material articles from the Economist (July 3, 2016) and the Wall Street Journal (July 27, 2016; blue font). It has become apparent that though Italy is by no means an equal […]

Twilight at the Groucho Marx club: Part 2, New rules bent the first time they are tested

2 August, 2016 (09:00) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts |

By: David A. Smith   [Continued from yesterday’s Part 1.]   In yesterday’s Part 1, I returned to the Eurozone’s continuing slow train wreck of the Eurozone, where one country after another promises improved behavior, then cannot achieve its promise.   Judge Smails: You know, despite what happened, I’m still convinced you have many fine […]

Twilight at the Groucho Marx club: Part 1, That was always the plan

1 August, 2016 (09:13) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts |

By: David A. Smith   When in a moment of financial exuberance you join that exclusive club whose members and surroundings you’ve envied for years you seldom think of the downside.  No, once you’re In you’ll capitalize on all those Insider opportunities, and now that you’ve managed to raise the initiation fee, the ongoing dues […]