The New Magnetism of Mid-Size Cities

I figured this stuff out back in 2001 when I took a position in Oklahoma City.

Nice to see the young folks are figuring it out too.

Great article.  Read it here.

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The Blind Squirrel Finds a Nut

The real crime here is that Amazon has been exempted from making a profit, and the culprit is the Federal Reserve’s malignant regime of Bubble Finance. The latter has destroyed financial discipline entirely and turned the stock market into the greatest den of speculation in human history.

If you think the US economy is doing well read this.

Barcelona Grapples with its Housing Crisis

Even today, following months of political uncertainty in Catalonia, Spain is the second most attractive European country for real estate investment after Germany, according to the London-based real estate consultancy Knight Frank. For Spain’s central government this is a sign of success, and it has no intention of changing the law that helped fuel Spain’s rental bubble, in spite of all the damage it’s doing across cities like Madrid, Barcelona and San Sebastian.

The affordable housing problem is not limited to the US.

I’d usually recommend relocating to Oklahoma but…

Read these two articles here and here.

Barcelona Rental Market Is Out of Control

Rents up 50% since 2013, wages go nowhere, a third of residents earn less than €1,000/month.

The Great College Loan Swindle

America as a country has evolved in recent decades into a confederacy of widescale industrial scams. The biggest slices of our economic pie – sectors like health care, military production, banking, even commercial and residential real estate – have become crude income-redistribution schemes, often untethered from the market by subsidies or bailouts, with the richest companies benefiting from gamed or denuded regulatory systems that make profits almost as assured as taxes. Guaranteed-profit scams – that’s the last thing America makes with any level of consistent competence.

Going to college doesn’t guarantee a good job, far from it, but the data show that not going dooms most young people to an increasingly shallow pool of the very crappiest, lowest-paying jobs. There’s a lot of stick, but not much carrot, in the education game.

An interesting point of view and well worth reading.  Click here for the full Rolling Stone article.