Markham Lee_

Ignoring the Politics of Recession

The NBER isn't a private sector entity, it's a Governmental one. SO sense, it's still the Govt. declaring a recession with suspect data and it lags reality for most people.


-M

Housing is No Different in Portland and Seattle

I've thought Portland's housing market has been overpriced for years as they don't have the economic growth to justify it. The housing boom was powered by bad loans and optimism that economic growth would come, but it has yet to materialize. A housing boom in an area where young professionals struggle to find high paying jobs is destined to fail. Portland's delusions of grandeur will cost them.

-M