Archive for December 26th, 2008

The Hundred Million Dollar Garage Revisited

A few weeks ago I wrote a short post about a deal that Phoenix had cut with the developer of a rather large mixed use project on the North side of Phoenix. The gist of the post was that at the same time that Phoenix had agreed to this deal at a cost in foregone [...]

Share

Share

Is The Glass Half Full Or Half Empty?

Two opinions I came across this week present starkly different analyses of our economic future. Holman Jenkins is practically predicting a lost decade. The basis for his outlook is that the loss of prosperity will usher in a period of bad government policy that will exacerbate the situation by destroying confidence in the private sector. [...]

Share

A Couple Of Economic Data Points

Jake at EconomPicData had a chart this morning that really caught my eye. Take a look at the growth in debt across all sectors since 1998. Now visualize the likely growth of the government components going forward. On another front, Japan’s industrial output fell 8.1% in November versus October. That’s the biggest one month decline on record.  [...]

Share

A Chilling Forecast For The Economy Of The U.K.

An article in the Telegraph this evening suggests that the economy of Great Britain could shrink by between five and ten percent next year. That is a grave number. The article cites the usual complaint about banks not lending money to the private sector. Probably a somewhat valid criticism, though I continue to maintain that [...]

Share