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 →
“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 →
Now that giving away products and services for free has proven to be a viable business model, will a profitable model of paying consumers to use products emerge? People using free product are learning that “free” comes with a hefty privacy price. In any transaction two parties assign relative values to what they are exchanging. … Read More →
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 →
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 →
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 →
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 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 →
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