First, Carrier. Next: Single Payer Health Care?? “A little muscle judiciously applied can be a unifying thing.” –Peggy Noonan, “Trump’s Carrier Coup and a Lesson From JFK”; The Wall Street Journal (12/2/16). [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other...Read More
When Government Gives You a Free Subsidized Lunch . . . Take It! “America’s housing system was at the centre of the last crisis. It has still not been properly reformed.” —The Economist, “Nightmare on Main Street: the Horror Underlying America’s Housing Market“; August 20th -26th 2016. If you don’t want something (else) keeping you...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
