Waiting for Household Formation

Millennials Are Not Forming Households Fast Enough To Support the Housing Recovery How To Buy Gold How to Buy Silver “This is the time of year to write to the Great Pumpkin“- Peanuts character Linus “You must be crazy. When are you going to stop believing in something that isn’t true?” – Peanuts character Charlie Read More →

The State of The Economy – Podcast 9.6.13

The End of the Recovery Podcast Summary Ryan discusses the the Syrian situation and its impact on interest rates. Ryan reviews the ADP payroll numbers and the initial jobless claims and notes that they were not too good but the market thinks they were not bad enough to cause the Fed not to taper its Read More →

Case Shiller Index Futures Traders vs. Smaulgld: You Vote!

Real Estate News. I have written many articles questioning the strength and length of the current housing bubblet. Here is the most recent one. Here is another one that contains links to many of the others. These articles caught the eye of John H. Dolan, who is the sole market maker in the Case Shiller Read More →

The Disconnect Between Home Prices and The Economy

The Disconnect Between Rising Home Prices and the Economy Real Estate News “Mortgage Interest rates, even though they have risen, are still at historically low levels” – common refrain from those saying the housing “recovery” can continue. It’s hard to argue with a true statement, but it’s easier to argue against the supposed consequences that Read More →

The Recovery is Worse Than the Recession

The Recovery is Worse Than The Recession How To Buy Gold How to Buy Silver “A bad peace is even worse than war” – Publius Cornelius Tacitus, Roman Senator and Historian We wrote here over the past several months that the air would soon start coming out of the housing bubblet. We noted that the Read More →

Can Central Banks Really Fix the Economy?- Podcast 8.15.13

Can Central Banks Fix the Economy? Summary of Podcast Ryan and Louis discuss the initial jobless claim data released this week. Louis points out that fewer people not losing their jobs is not the same as people getting jobs. Louis and Ryan discuss St. Louis Federal Reserve President James Bullard’s recent statement on tapering and Read More →

The Dark Side of Rising Home Prices

smaulgld class and superclassic mug

The Dark Side of Rising Home Prices What’s Wrong With Higher Home Prices? The Real Estate Industry and Media Tout Rising Home Prices as a Good Thing, But Are They? Real Estate News I guess I don’t buy your premise, its a pretty unlikely possibility, we have never had a decline in housing prices on Read More →

How to Spot an Economic Recovery Addict

Economic Recovery Addicts Since the beginning of the Great Recession, dating back to the “green shoots” days of early 2009 and recovery summer of 2010, there has been a crowd of analysts, journalists and pundits searching for signs of an economic recovery. One group of analysts sifts through the data and determines most of it Read More →

Where is the Economic Recovery? Podcast 7/12/13

Where is the Economic Recovery? Summary Ryan and Louis discuss the direction of mortgage interest rates. Ryan notes that Ben Bernanke admitted that the employment situation is not good. Louis notes that when the non farm employment data came out last week and the top line number was better than expected that the market would Read More →

You Can’t Get There From Here – Straining to Regain Real Estate’s Promised Land

You Can’t Get There From Here Real Estate News “The mind is its own place, and in itself can make a heaven of hell, a hell of heaven..” ― John Milton, Paradise Lost As the real estate market gained steam earlier this year, a common anti bubble meme emerged- “this ain’t no bubble, home prices Read More →