- ARA Newmark Speculates University of Texas System’s Recent Land Acquisition Cost Between $39M to $65M [HBJ]
- Boxer Property Chairman Andrew Segal on the Current State of the Houston Real Estate Market [Realty News Report]
- Yard House To Open Within Baybrook Mall’s New Expansion on Dec. 5 [HBJ]
- Liberty Kitchen To Open Little Liberty Concept in Old Ruggles Space in Rice Village [Eater Houston]
- Texas Down At Least 56,000 Oil and Gas Jobs Since December 2014 Based on Texas Petro Index [Houston Public Media]
- The Largest Cruise Ship Ever To Sail from Texas, Royal Caribbean’s Liberty of the Seas, Arrives at the Port of Galveston [HBJ]
Photo of Southwest Freeway: Russell Hancock via Swamplot Flickr Pool
Headlines
“Royal Caribbean’s Liberty of the Seas — the largest cruise ship ever to sail from Texas — arrived at the Port of Galveston on Nov. 13.”
So …. if this WAS the largest, that must mean that there must be something even bigger now somewhere else. You just know that they wouldn’t put it on the Galveston run to nowhere….
There has been something bigger since the Oasis class was introduced in 2009. “Largest to sail from Texas” just means the largest that has sailed out of Texas — not the largest in RCI’s fleet. The Quantum class is also larger.
Man, I was really following that Boxer interview up until the last bit where he “dusted off his copy of Friedman” and started pontificating about the money supply/inflation. Don’t get me wrong, I can’t for the life of me explain why inflation has been so anemic when there are so many things pushing for it, but its not nearly the issue some people make it out to be. It’s incredibly low, has been incredibly low for a while, and even if it does shift the Fed has a LOT of slack in the interest rates to handle it.
“But what about quantitative easing!” you cry, “the fed is printing money!” Seriously, I don’t know exactly why it hasn’t hit us, but really, it hasn’t. Inflation rates are, frankly, at dangerously low levels. I would be more concerned about deflation at this point. I have some suspicions how they pulled this off that have to do with increasing required banking reserves, but it still doesn’t really explain it.
MrEction, I think the economics field in general has a lot of catching up to do with the post-2008 global economies. Natural interest rates are very anemic right now and that’s why low interest rates haven’t had as big an impact as some would hope, ie all those hyper-inflationsist going on 7 years wrong. I’ll probably be called out for invoking the Krugman, but he had a small post that linked to some further reading on this that could be quite interesting. This is even more relevant for other economics like EUR and JPY with much bigger demographic issues.
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http://www.frbsf.org/economic-research/files/wp2015-16.pdf
http://krugman.blogs.nytimes.com/2015/10/28/check-out-our-low-low-natural-rates