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Negative Equity

The U.S. economy's virtuous circle

By Matthew PierceI was born in Boston, raised in its suburbs, and learned my craft downtown. I drive on Boylston Street, watch the Marathon and root for the Red Sox. The senseless murder and mayhem wrought on my hometown on Patriots Day makes me terribly angry and very sad. What possible political statement, religious cause or frustrated anger can justify such an act? These deeds can't be explained, except by the understanding that evil exists. Evil is real, innocents are maimed, and lives are changed forever.What is particularly awful about the bombing at the Boston Marathon is that the violence was random and the consequences to the afflicted were severe. We didn't expect the bombs and we certainly don't expect bombings to happen nearby. They were never part of our past experience and did not factor into our plans. But now it is different. It became personal, and possible, when it happened in our hometown.So now we have a little more uncertainty in our lives, because a random terribl...

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