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Posts Tagged ‘ Return ’

Merrill: The Return of the Political Business Cycle

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Merrill: The Return of the Political Business Cycle

A few excerpts from a Merrill Lynch research note: Political Business Cycle (PBC) models were a hot topic in the 1980s. In the standard “opportunist” PBC model incumbent politicians have an incentive to stimulate the economy going into elections because the benefits-low unemployment-materialize quickly and the costs-high inflation-occur with a lag. … After playing...
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Housing Demolitions: The Return of the Bulldozers

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Housing Demolitions: The Return of the Bulldozers

Below is an interesting article from Andrew Khouri at the LA Times. As the article notes, demolitions and new construction in beach communities and other desirable areas in California has picked up significantly. The article doesn’t mention that many of these small cottages were built in the ’20s, ’30s, ’40s and 50s as summer homes. An example...
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