Life in the (Really) Big City It could just be that it takes me a day or so to adjust to “life in the (really) big city,” but from previous trips, I’ve come to expect a “New York moment” shortly after arriving (half a day, max). Last time, it was paying for a Wall Street...Read More
Combustible Mix The severity of this economic downturn is rooted in the household leverage crisis, which in turn is closely related to the housing market. If the housing market continues to deteriorate, then further de-leveraging of the household sector will likely keep a lid on any rebound in consumption. In other words, the future of...Read More
