Dallas Fed President – Fed Needs to Get off the Monetary Cocaine

Dallas Fed President Monetary Cocaine First it was the hard money Austrian Economic types like Ron Paul, Peter Schiff and Jim Rogers warning on the ills of the Fed’s monetary easing. In recent times we have heard similar warnings from the Bank of International Settlements, Bill Gross and even the Federal Reserve’s own advisory council. Read More →

The Bond King, Bill Gross Weighs in Against Monetary Easing

Bill Gross Against QE For the past few days the chorus has been getting louder: Monetary easing does not work and creates structural imbalances in the economy leading to systemic risks and asset bubbles. Today Bill Gross weighed in with this “Perhaps zero-bound interest rates and quantitative easing programs are becoming as much of the Read More →

The Bank of International Settlements Warns of Market Complacency in the Age of Monetary Easing

“A man hear what he wants to hear, and disregards the rest” -Simon & Garfunkel Another large banking organization published a warning today on the disconnect between the poor economy and the soaring markets. You can read about it here Get Free Updates From Smaulgld.com Subscribe to Smaulgld.com and get the free “In Case You Read More →

The Laws of Home Economics Don’t Apply To Economics

You Can Reheat a Souffle “You can’t reheat a souffle” Paul McCartney It looks like economics is not a dismal science after all. The Federal Reserve, via the injection of liquidity (i.e. creating money out of thin air) have proven that you can reheat an economic souffle. Just a few short years after the stock Read More →

Bad Economic News Continues to Support the Stock Market

“Markets can remain irrational longer than you can remain solvent.” John Maynard Keynes Today’s May reading of the Institute of Supply Management is just another in a series of underwhelming economic news. The reading showed a decline in manufacturing. But, no matter the markets rallied as they see it as a sign that the Fed Read More →

Gold and Real Estate Are Assets, Not Investments

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Gold is an Asset Not an Investment Warren Buffet is famous for his criticism of gold as an investment. He might as well argue that stamp collecting is not a team sport. Gold is not an investment. Your primary residence is not an investment. These are not investments any more than a cup of tea Read More →

The Fed: Talk Taper, Print Paper

Since the beginning of the year the Fed has been talking about cutting back on its quantitative easing (“QE”) program that has been in effect for nearly five years. That talk has been increasing in recent months. QE involves creating money out of thin air in order to purchase US Treasuries and Mortgage Backed Securities Read More →

…as the Band Played on, the Crowd Called For an Encore

The Economic and Real Estate Recovery is Based On QE “You can ignore reality, but you can’t ignore the consequences of reality” – Ayn Rand It’s raining horrible economic news, yet the real estate and stock markets are staying dry and heading higher. It has been nearly five years since the financial crisis of 2008. Read More →

Realtors®: Put That Coffee Down!

Real Estate Marketing “Put that coffee down! Coffee is for closers.” “The leads are weak? YOU’RE weak!” Blake in Glengarry Glen Ross Yes, put that coffee down and call your leads now! In my professional and personal experience I have too often seen Realtors leave leads left untouched. This is a huge mistake. I’ve heard Read More →

Student Loans and Unemployment are Holding Back the Economy and Real Estate Market

Student Loans and The Economy Real Estate News What’s the difference between a high school graduate and a college graduate? About $50,000 in debt. The real estate market is recovering, the economy isn’t. Most indicators – employment, personal income, manufacturing, durable goods, GDP – and consumer sentiment show that the economy is stuck in a Read More →