“Kings of the Animal (and Consumer Economy) Kingdoms” Want a novel way to look at today’s housing market? Think of housing occupying the same role in the economy that lions do in the natural world. Namely, both sit atop their respective “food chains,” depending upon — and contributing to — the health of multiple levels beneath them. Economics 101 The...Read More
Improving Consumer Sentiment Buoys “Medium Ticket” Items American consumers are finally coming out of hiding. After months of penny-pinching amid the recession, new figures “showing an improving job market, rising factory output and increased retail sales ” suggest that consumers are no longer restricting their budgets to necessities like food and medicine. They are starting...Read More
