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 →

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 →

Part -Time U.S.A. – How Part-Time Employment is Impacting the Economy

Part Time USA “I tried for modeling work but it was a bit slow and that’s when I took a part-time job at McDonalds. It gave me income while I was waiting for my big break and at the very least I could eat.” Sharon Stone Friday as the jobs report was being released Ryan Read More →

The Part Time Recovery – Podcast 7/5/2013

The Part Time Recovery Are we becoming a nation of part timers? Introduction: 0:00-1:40 Discussion of the upcoming job report number & unemployment rate releases & predictions on the impact of a potentially improving job market 1:40-7:05 Discussion of mortgages & the float down option mortgage 7:05-10:06 Louis predicts that if the jobs number comes Read More →

The Futility of Consumer Demand and Sentiment

Consumer Sentiment “Demand and desire are infinite, supply and production while often plentiful, are always finite” – Smaulgld Last week we noted that Consumer Sentiment is a poor economic indicator. Consumer sentiment is up despite a rash of poor economic reports indicating that the consumer’s positive outlook is Panglossian. Seems like consumers have bought into Read More →

Temporary Temp Workers or Permanent Temp Workers?

The Part-Time Economy and Part Time Recovery The Huffington Post recently reported that one fifth of all new jobs created since the recession ended were temporary jobs. It’s tough being under 30 today. For the baby boomers growing up in the 1950’s and ’60’s being under 30 was like getting a lottery ticket – at Read More →

Mandatory Retirement Accounts?

Mandatory Retirement Accounts “A government big enough to give you everything you want, is big enough to take away everything you have.” attributed to Thomas Jefferson How to Buy Gold How to Buy Silver UPDATE: January 29, 2014: Obama Announces MyRA Retirement Savings Accounts The Fed’s Exit Strategy? There has been a lot of talk Read More →