The Dark Side of Rising Home Prices

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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 →

Real Estate Marketing Gone Wrong

Real Estate Marketing Gone Wrong Real Estate Marketing “Right now may actually be one of the best times to buy a home” National Association of Realtors 2006 Marketing Campaign As it turned out when that statement was made, it was probably the worst time to buy a home. Promoting home ownership as a primary real Read More →

Obama’s Better Bargain – Podcast 7.24.13

Obama’s Better Bargain “I’m going to challenge CEOs from some of America’s best companies to hire more Americans” President Obama at Knox College July 24, 2013 Obama’s Better Bargain – Podcast 7.25.13 Summary of the Podcast Ryan and Louis discuss Fed Chairman’s Congressional testimony. Ryan noted that rates have gone lower due to recent dovish Read More →

Exuberantly Rational

“But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?” Alan Greenspan December 1996 Alan Greenspan thus noted the difficulty in trying to determine when market activity boosts asset values to irrational unsustainable levels. Read More →

Bernanke Warns of Tanking the Economy

Bernanke- The Economy is Weak “I don’t think the Fed can get interest rates up very much, because the economy is weak, inflation rates are low, if we were to tighten policy, the economy would tank.” Ben Bernanke testifying at the House Financial Services Committee last week. With those words Ben Bernanke confirmed what we Read More →

Is College Worth It?

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Is College Worth it? Famous People Who Never Went To College Drop out of school before your mind rots from our mediocre educational system. — Frank Zappa I think that risk-taking is intelligent. When you do things you normally don’t do, you learn about yourself — you change, and you evolve. Change is important. — Read More →

Ben Bernanke’s Testimony Can Be Summed Up in a Tweet

Axel Merk (@AxelMerk) of Merk Investments made this point on Twitter “Why are there blogs, when there’s Twitter? 140 characters plenty to summarize Bernanke.” I agree but couldn’t resist banging out a blog post anyway. I tweeted a few times my summary of Bernanke’s testimony this way: @AxelMerk @WSJ Ben saying it all “depends” “IF” 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 →

Bernanke Tapers the Taper Talk

Yesterday in a question and answer session Federal Reserve Chairman Ben Bernanke made it clear that the Fed’s dual mandate, one that includes maximum employment was not being met. Bernanke said that he was not satisfied with the employment situation because of underemployment and the low labor participation rate. He also noted that the unemployment Read More →