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How Soaring Housing Costs Maul the Real Economy

How Soaring Housing Costs Maul the Real Economy How many years would it take first-time homebuyers, earning a median household income, to save enough money for the standard 20% down payment on a median home? Are you sitting down? In many cities an impossibly long time, Lindsay David of LF Economics (and a contributor on WOLF […]

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How Insane Is Canada’s Housing Bubble? 42% of “Second-Time” Buyers Need (a lot of) Money from Mom & Dad to Buy a Home

How Insane Is Canada’s Housing Bubble? 42% of “Second-Time” Buyers Need (a lot of) Money from Mom & Dad to Buy a Home A housing bubble is a huge party. Everyone gets drunk and has a good time. The economy booms because housing, particularly construction, is a very local business. It creates local jobs. People […]

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Dumping American Junk in Europe, Draghi Asked for it

Dumping American Junk in Europe, Draghi Asked for it This is just the beginning, a new trend that may well turn into the next craze. ECB President Mario Draghi, in his infinite wisdom, asked for it: he’d driven the ECB deposit rate deeper into the negative, to -0.2%, and has promised to buy €60 billion […]

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Economy Finally Reaches “Escape Velocity,” Heads South

Economy Finally Reaches “Escape Velocity,” Heads South It’s hard to measure the growth rate of a vast, complex economy with just one number, accurately, and on a timely basis. The Chinese found an ingenious solution. They decree the growth rate and announce it in advance, and that’s about what the number says when it comes out. It’s faster […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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