◀ The Principal Blog

Oil Price Apocalypse? Not so much a Calamity



Roll back the clock five years ago with huge fires in Alberta, Canada, militant attacks in Nigeria, export stoppages in Libya, social unrest in Venezuela, and oil-worker strikes in Kuwait, and this all would certainly presage a sharp spike in gas prices at the pump for U.S. consumers. Indeed, the…

Read more

We’re not Gonna Pay: The Rent Squeeze



In honor of the twentieth anniversary of the 1990s hit musical, Rent, I have decided to talk about housing inflation. It’s actually quite a timely topic. The problem is that, while there is not a lot of inflation out there in the U.S. economy, it’s showing up in rents. Places from Seattle to…

Read more

Recent