Real estate markets are unbalanced in most parts of the country: vacancy is too high, but construction is too low. That sounds contradictory, because construction should be low when vacancy is high. Looking forward, however, we’ll find insufficient supply when the economy improves, says Oregon economist Bill Conerly.
Until University of Oregon economist Mark Thoma is sure that the economy is on firmer footing, and that employment prospects have improved substantially, he says he will continue to push back against the optimistic economic forecasts that are all the rage these days.
Once upon a time, there was a country where bankers, fed up with regulation, dissatisfaction, and downright hostility,... went on strike, not once, but three times. That country was Ireland, as economist Umair Haque points out in a compelling parable highlighted by University of Oregon economist and guest blogger Mark Thoma.
I just had a client ask about how to best handle a nagging problem -- his people were loose and lax about keeping internal promises and hitting internal deadlines. It raises a question: How can you handle broken promises, with high integrity?