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 Recovery Has Reversed Course – Welcome to the Revocery

Welcome to the Recovery! How To Buy Gold How to Buy Silver Real Estate News The recovery that started in 2009 and never really progressed has reversed. The recovery is over. Welcome to the Revocery. QE- Recovery Medicine or Extension of Bailonomics? The current recovery was artificially born in 2009 from the ashes of the 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 →

Real Estate’s Underwater/Down Side Sticky Catch-22

Real Estate’s Catch 22 How To Buy Gold How to Buy Silver “Orr would be crazy to fly more missions and sane if he didn’t,but if he was sane he had to fly them. If he flew them he was crazy and didn’t have to; but if he didn’t want to he was sane and 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 →

What Impact Will Syria Have On Fed Monetary Policy – Podcast 08.29.13

Podcast Summary Ryan reviews the new home sale data that was released last week and was well below expectations. Ryan notes that it takes negative economic news to drive interest rates down. Ryan notes that the market is expecting the Fed to taper and that the recent GDP revision to 2.5% is being touted as 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 →

Interest Rates Matter

Interest Rates Matter “Consumers have taken the interest rate rise in stride. Expectations for continued improvement in housing persist, and sentiment toward the current buying and selling environment is back on track from its dip last month” Doug Duncan, senior vice president and chief economist at Fannie Mae. Interest rates, like deficits, matter. No amount Read More →

The Fed: To Taper or Not To Taper – Podcast 8.22.13

To Taper or Not To Taper Cumulative Summary of the Fed’s Position on Tapering QE: “We need more of what didn’t work to make sure it’s working and we need more data and we said we would taper, so there, but no rush!” Summary Of Podcast Ryan and Louis discuss the initial jobless claims and Read More →