

For those of us worried about America’s ability to manufacture things, there’s no shortage of worrying indicators to point to. Manufacturing employment has fallen by a third from its peak in 1979, even as the population has grown by nearly 50% over the same...
Why can’t the US build ships?

It’s a renter’s market out there
Because there’s no housing shortage, among other reasons. the brand new apartments with the biggest discounts all time high of new apartment supply new units staying on the market longer (which is great news for renters) can’t squeeze rent increases from a stone...
It’s a renter’s market out there

Let us pause to appreciate the remarkable US economy
It really doesn’t get much better than this, folks. Last July, I wrote a post called “If this is a bad economy, please tell me what a good economy would look like”. At that time, there was still quite a lot of debate about whether the U.S. economy was...
Let us pause to appreciate the remarkable US economy

Real Estate Desiderata: 11 key charts
CRE hitting bottom? a good time to travel some office landlords are doing pretty great love that used home smell resi markets with a bit of softness Is commercial real estate hitting bottom? Random Walk has gathered data on this point (somewhat skeptically),...
Real Estate Desiderata: 11 key charts

Mass deportation would accomplish nothing
Trump’s signature policy would frighten Americans without improving the immigration situation. “The crops are all in and the peaches are rotten/ The oranges piled in their creosote dumps” — Woody Guthrie Ever since Kamala Harris replaced Joe Biden and the...
Mass deportation would accomplish nothing