Increase in New Home Starts and New Home Permits – A False Signal?

Low Interest Rates Send False Signal to Home Builders Are home builders receiving a false signal from artificially low interest rates causing them to build more homes than they can sell? Home Builder’s False Signal. How To Buy Gold How to Buy Silver “The entrepreneur must estimate present and future costs and future revenues and 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 →