“Undocumented side effects” – John Elledge

“All of which I think explains why mid-sized regional cities sometimes now feel so much more vibrant than the ostensibly richer capital. A couple of decades back central London did have its share of decent nightlife. But the truly interesting things got pushed ever outwards, from Farringdon to Shoreditch to Dalston to Hackney Wick, as the developers regenerated one area after another. The further out it went, though, the smaller the catchment area – and the less chance of anything really sparking”

https://jonn.substack.com/p/undocumented-side-effects

“Exit, Pursued By A Bear Market”

“I am in my mid-40s, almost exactly halfway between my graduation and my retirement date (LOL, right). I have known precisely three years of sustained growth. I was a late starter, but to have known proper growth at all of the sort we took for granted for decades – centuries! – you’d need to have your 40th birthday in sight. Any younger than that, and you were probably still in education. That is twenty years of adults who’ve never known a “normal” economy”

https://jonn.substack.com/p/exit-pursued-by-a-bear-market