Bubble

The most recent New York mag cover story is a fascinating and seemingly overdue look at the flood of foreign money into the New York real estate market, and in particular at “stash pads,” which are, despite their prime locations, little more than apartment-shaped financial…

A theory as to why the rent is too damn high and a potato salad is ten thousand dollars and Uber is ten billion dollars and you’ll have to buy reservations for restaurants like concert tickets and tickets for Transformers 4 in IMAX are…

April 27, “Despite Big Ambitions, New York’s Tech Scene Is Still Starting Up”:

[I]nvestors are still betting on the city. The amount of venture, angel and private equity money invested in New York soared about 200 percent from…

“You know what’s been the biggest job creator over the last few decades? Financial bubbles. The labor demand created by the dot-com bubble in the 1990s and the housing bubble of the 2000s created millions of jobs and sent the unemployment rate below 5 percent in both cases.”