Category: Wall Street Journal
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Prices Are Still Too High
According to WSJ, many Americans continue to fixate on inflation, despite the fact that prices are rising more slowly. This discontent with inflation is weighing on President Biden’s approval ratings and his re-election hopes. Although inflation has fallen, it remains a significant concern for consumers. They are particularly sensitive to rising prices because they remember…
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Deficit Spending
The U.S. government’s deficit is expected to reach $2 trillion this fiscal year, which is double last year’s deficit. Increased spending and decreased revenue, driven by higher interest rates, contribute to this significant deficit. This is concerning given the strong growth and low unemployment in the economy. Different media outlets point to factors such as…
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Chicago Property…
https://www.wsj.com/real-estate/too-many-vacant-lots-not-enough-housing-the-u-s-real-estate-puzzle-2aa19733?mod=hp_lead_pos7\ In Chicago there is “not enough housing” but there are “too many vacant lots.”hmmmmmm WSJ Reasons: Cumbersome rules to resolve unpaid tax bills on abandoned lots keep away developers, and cheap tax assessments on vacant lots encourage owners to keep them off the market. These are the perfect conditions for a downward housing spiral,…