[EconProf]

The mayor is yet another liberal who has been mugged by reality. We’ve seen more and more lately.

[EconProf]

The mayor is yet another liberal who has been mugged by reality. We’ve seen more and more lately.

[EconProf]

The mayor is yet another liberal who has been mugged by reality. We’ve seen more and more lately.

[EconProf]

The mayor is yet another liberal who has been mugged by reality. We’ve seen more and more lately.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

Renting out and managing a house from another state is about the worst thing you could do. The costs of managing it from afar are always underestimated, the true rent, including period of vacancy, are always overestimated, and the hassles and uncertainties upon returning to it years later when your life and goals likely change make it unlikely to work out. Save your money, build your liquidity, and keep your options open.

[EconProf]

Renting out and managing a house from another state is about the worst thing you could do. The costs of managing it from afar are always underestimated, the true rent, including period of vacancy, are always overestimated, and the hassles and uncertainties upon returning to it years later when your life and goals likely change make it unlikely to work out. Save your money, build your liquidity, and keep your options open.

[EconProf]

Renting out and managing a house from another state is about the worst thing you could do. The costs of managing it from afar are always underestimated, the true rent, including period of vacancy, are always overestimated, and the hassles and uncertainties upon returning to it years later when your life and goals likely change make it unlikely to work out. Save your money, build your liquidity, and keep your options open.

[EconProf]

Renting out and managing a house from another state is about the worst thing you could do. The costs of managing it from afar are always underestimated, the true rent, including period of vacancy, are always overestimated, and the hassles and uncertainties upon returning to it years later when your life and goals likely change make it unlikely to work out. Save your money, build your liquidity, and keep your options open.

[EconProf]

Renting out and managing a house from another state is about the worst thing you could do. The costs of managing it from afar are always underestimated, the true rent, including period of vacancy, are always overestimated, and the hassles and uncertainties upon returning to it years later when your life and goals likely change make it unlikely to work out. Save your money, build your liquidity, and keep your options open.

[EconProf]

Now or in the near future is a great time to buy a Toyota.
Prices are low and falling because of a media-driven overreaction to the gliches, combined with Americans’ inability to evaluate risk.
Consider: how many deaths have occurred due to the defects? Probably dozens, if that. But they are well-publicized and their importance exaggerated by the public. How many Americans die annually in traffic accidents–about 37,000! Perhaps 1/3 don’t wear seat belts, which more than doubles one’s chance of dying in an accident. A huge share of deaths are due to alcohol. To text while driving is about as dangerous as driving drunk, and is increasingly common.
Cars are infinitely safer than in past decades, thanks to seat belts, air-bags, better brakes, suspensions, reinforced doors, roofs, and bumpers, etc. Meanwhile we obsess over a miniscule number of deaths from truly rare imperfections in our vehicles as we continue to drive foolishly.
It is so easy to blame big businesses for everything instead of seeing the bigger picture.
I wish I needed a new car…I would buy a Toyota.

[Author]

Posts