Posts Tagged ‘recession’

  • A Stimulating Idea From China

    Dec 17, 09 • 111 Views • Thinking EconomicallyNo Comments

    The place is Inner Mongolia. The city is Ordos. Actually, within 18 miles, there are two Ordos. One looks like a normal city. Built with stimulus money, the second Ordos looks complete except for one detail; there are no people. The apartments are empty, the...

  • The American Dream

    Oct 4, 09 • 109 Views • Thinking EconomicallyNo Comments

    The precipitous current dip in housing is so explicit in the graphs at: http://www.calculatedriskblog.com/2009/10/impact-of-declining-homeownership-rate.html Translating the lines into people and numbers brings to mind John Maynard Keynes. As much as...