Four Impediments to Economic Normalcy

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Jul 12

In his "Outside the Box" blog posting of July 12, 2010,( at http://tinyurl.com/2a46qlt ) John Mauldin of Investor Insight republished (with permission) a "QuarterlyReview and Outlook Second Quarter 2010" prepared by Van R. Hosington and Lacy H. Hunt of Hoisington Investment Management. This analysis addresses the question of whether the Great Recession is over and conclude that that the past several quarters may be nothing more than an interlude in a more sustained economic downturn. Mr. Hosington and Dr. Hunt go on to identify and analyze four impediments to a return to economic normalcy: 1) deficit spending, 2) higher taxes, 3) massive over-indebtedness and 4) and an impotent Federal Reserve.

H. Pike Oliver, FAICP

H. Pike Oliver focuses on master-planned communities. He is a co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022, and The Irvine Ranch, FULFILLING THE VISION, published by Routledge in 2026.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he worked on master-planned development at the Irvine Ranch in Southern California, as well as on other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association, the College of Fellows of the American Institute of Certified Planners, the Urban Land Institute, and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com/

Four Impediments to Economic Normalcy

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