Wednesday: Confirmed: Brooklyn is Popular

  • The Real Estate Board of New York released the first Brooklyn housing market report , which reports that the average price per square foot for apartments has increased each consecutive quarter since 2004. (The Real Deal)
  • The City Planning Commission voted to change zoning regulations in northern Tribeca, making way for Jack Read More

  • Watch the Housing Market, And Fear for Your Country!

    The news that Manhattan real-estate prices took a plunge last quarter may not be the loud crack in the sky presaging doom, but it is less than happy tidings. The New York Times reports that prices dropped a startling 13 percent in a three-month period.

    It also reports a similar weakening of the real-estate markets Read More

    Interest-Rate Manipulation Won’t Bring Us Prosperity

    It’s the new economy, stupid. Not the “New Economy” that

    stock touts use to sucker the rubes with, but another new economy-one that’s

    less obvious and less automatic when it comes to the making of millionaires.

    A conjunction of old- and new-economy elements has aligned

    itself in a pattern not seen before. We’re into Read More

    The Smart Money Ignores The Times ‘ Puffy Op-Ed Page

    In Hollywood, the screenwriter William Goldman has notoriously remarked, nobody knows anything.

    Another venue about which the same might with increasing justice be said is the Op-Ed page of The New York Times , especially when it comes to economic matters.

    In a way, this is both understandable and inescapable. The Op-Ed page has Read More

    Greenspan’s Shocking Secret: Vast Bureaucratic Strengths

    Maestro: Greenspan’s Fed and the American Boom , by Bob Woodward. Simon & Schuster, 270 pages, $25.

    Like Saddam Hussein, Alan Greenspan has the knack of outlasting U.S. Presidents. Appointed chairman of the board of the governors of the Federal Reserve in 1987, Mr. Greenspan has seen out Ronald Reagan and George Bush, and will Read More

    Attention, All Boomers: Do You Have a Plan B?

    City, state and nation, we have slipped our moorings and are rising up into the sky. We’re not on a course for new dreams and new adventures, however, but are merely high enough to be on a level with the square miles of inflated nonsense floating around in our smoggy cerulean. At these altitudes, you Read More

    Greenspan Gobbledygook and Some Holiday Tips

    The current systemic mess in Asia’s financial markets, by some seen perhaps to be moving ominously eastward with the sun toward this country, represents as fine an hour as doublespeak and gobbledygook have ever known, presenting an opportunity for pontifical chin-stroking and finger-steepling that man-kind hasn’t seen since the great and good of Munich had Read More