Charles Marohn
@clmarohn
Books: Strong Towns | Confessions of a Recovering Engineer | (Bestseller) Escaping the Housing Trap
Two Denver office towers recently sold for $3.2 million, or ~$3 per square feet Yes, that is not a typo They were valued at ~$200M in 2019, per BisNow
🚨 Japan’s bond market is spiraling into chaos. Yields are exploding. Liquidity is vanishing. Trust is evaporating. Let me break down what’s happening in Japan and how this affects the US. (Save this thread)
As Edward Erfurt, our Chief Technical Advisor, says, “The hard truth is this: growth alone doesn’t guarantee solvency..."
A lot of people read "government" here indiscriminately. We can debate economic illiteracy at the federal level, but local government budgets are very much like a household.
The danger of equating a govt budget to a household leads to very damaging policy and laughable headlines from economic illiterates such as this. Britain's running out of cash!! 🤪 @andyverity @labourlewis @ProfSteveKeen @StephanieKelton #MMT