Current / Economics

Pitchforks and Torches

Originally, I wanted to bang my head against a wall upon reading this.  Matt Yglesias asks the question: But here’s what I don’t get: Housing. Investment, you’ll recall, includes “residential investment” (i.e. houses) and I don’t understand why it would be the case that China is oversatured with residential investment. Now yesterday someone showed me … Continue reading


Bloody Sesquicentennial

One hundred and fifty years ago today General George Pickett’s division was blasted dead by the Army of the Potomac’s artillery on a blood-filled field in Pennsylvania.  The Battle of Gettysburg drew to an ignoble close for the Confederate forces, and General Robert E. Lee abandoned his only attempt at invading the North. I write … Continue reading