Serious investment thinking that doesn’t take itself too seriously.
You could buy a skyscraper for a million bucks. I still remember that, probably always will. A friend of mine, well connected in Detroit real estate, telling me how bad things had gotten. Telling me that I could buy an entire skyscraper in downtown Detroit for one million dollars. Things were...
Everything old is new again: Inflation plagues the US economy. The Consumer Price Index is up 7.9% from a year ago. The Personal Consumptions Expenditures index is up 6.1%from a...
As we’ve seen in previous articles, liquidity is ‘good’ only if your need for it isn’t shared by most other market participants at the same time. If everyone else wants to...
Why you should donate money rather than supplies. The humanitarian crisis in Ukraine and its effect on neighbouring countries has inspired people to collect donations. But these...
...but it won’t wreck Russian sanctions. War is expensive. The United States spent about US$1.1 tn (£830bn) on the 2003 Iraq war in today’s money, while the Falklands war...
US officials are keeping very busy in the world. Yet very few of Washington’s actions have much to do with protecting America. Instead, the foreign policy establishment believes...
Russia’s invasion of Ukraine is horrifying. Western leaders, fearing a broader war, are responding primarily with economic sanctions. A prominent economic sanction has been...
A plan to get houses built and please the public Britain needs more homes. This is such a commonplace that I have doubtless started articles with that four-word sentence before....
Climate change and the ESG agenda are changing the way we think about places and their relative attractiveness to real estate occupiers and investors. Gone are the days when...
Nick Clegg is doing the same useful job for Mark Zuckerberg as he did for David Cameron’s Tories. In what many saw as a surprise move, Meta has promoted former UK...