Category: Markets

“All is well!”

3 January, 2017 (09:00) | Banking, China, Currency, Global news, Markets, Speculation |

   By: David A. Smith   When it gets away from your control, it can get away quickly, and everything you do to keep it under control just makes everyone more skittish, more eager to get away.  Judging from a year-end article in the Wall Street Journal (December 29, 2016), such a tipping point may […]

In a phrase, slow supply asphyxiation

27 December, 2016 (09:00) | Apartments, Boojum, Demand, Housing, Markets, Ownership, rentals, Speculation, Supply, US News, Zoning, zoning-by-taste-police |

  By: David A. Smith   When water doesn’t flow downhill, we may reliably infer the existence of a catchment even if we can’t see it.  When markets don’t respond to sustained economic pressure, we may reliably infer the existence of barriers.    A while back, I caught a Wall Street Journal squib (December 16, […]

Boojum: The ‘new’ problem of immigration

2 December, 2016 (09:00) | Housing, Immigration, Markets, Remittances, Ross Macdonald |

  By: David A. Smit     From Border Incident, 1949   I told him about the closed blue truck, the brown men of the temple. “Troy is the head of the gang.  The others work for him.  They’re been running an underground railway on a regular schedule between the Mexican border and the Bakersfield […]

Ask after me tomorrow: Part 8, Vacated property is snatched up

13 October, 2016 (09:00) | Adaptive reuse, cemeteries, Cities, Density, funeral homes, Housing, Land use, Markets, Redevelopment, Speculation, Urbanization, US News |

  By: David A. Smith   [Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.]   As we’ve seen earlier in this post, twenty-first century American death often comes upon us with plenty of warning, changing the nature of when and where we grieve, and […]

Ask after me tomorrow: Part 7, Out of burial space in five years

12 October, 2016 (09:00) | Adaptive reuse, cemeteries, Cities, Density, funeral homes, Housing, Land use, Markets, Redevelopment, Speculation, Urbanization, US News |

By: David A. Smith   [Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.]     By now this multi-part post has made evident that the American Way of Death, which Jessica Mitford so savaged [Possibly unfairly, though not having read the book I have no opinion […]