“Truth is confirmed by inspection and delay; falsehood by haste and uncertainty.”
“Panic is part of the process.”
- Matt Powers No, that quote wasn’t a reference to markets…we were talking with each other about trying to write CoStar Economy each week. Panic is, indeed, part of the process. Especially during weeks like the last one. Where to start? After a 9% drop last week, the stock market is “officially” in a bear market, falling over 20% from its peak. Sellof
"For many people, commuting is the worst part of the day and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering."
- Daniel Kahneman, Princeton emeritus professor and Nobel laureate "It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting."
- Ben Bernanke, former Federal Reserve chairman Raise your hand if your commute time is shorter