Monday, January 28, 2013

Anti-Boom and Anti-Bust

My latest article in San Francisco's Marina Times newspaper:
ECONOMY
As San Francisco Leads a New Economic Upswing in the State, It's Time to Act UnnaturallyBy John Zipperer 
The $25 million man, as I called him, was the symbol of California’s boom-or-bust economy. In the early 1990s, when California was struggling through one of its cyclical busts and commercial real estate in particular was hit hard, this man was $25 million in debt.
The $25 million man was a commercial real estate developer and consultant. He had rung up his debt during the go-go times of the late 1980s and very early 1990s, but when the market swung back — as it always will — he was ...
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