In response to popular demand (well, one commenter asked for it), I’ve put together what I promise will be my last multi-colored Case-Shiller housing price chart for a while, this time with the price indices adjusted for inflation: This chart gives me the opportunity to explore something that Curious Capitalist reader Richard “Creative Class” Florida [...]
Thus writeth Willem “Maverecon” Buiter of the London School of Economics and FT.com: From the point of view of the efficient allocation of resources in the medium and long term, the relative (probably even absolute in the short run) contraction in the size of the financial sectors of the advanced industrial countries is a desirable [...]
