The shortage of supply, increases in costs, and millennials finally catching the home ownership bug has median prices jumping. Nationwide, “the median was $316,200 last year versus $240,900 in 2005.”
All in Economics
Millennials See White Picket Fences
“Virtually all major builders are migrating away from the luxury homes that dominated the early years of the economic expansion and are focusing on lower price points to cater to this burgeoning clientele,”
Bankers, the Last to Know
It seems Lord Keynes had one thing right when he wrote, “Banks and bankers are by nature blind. They have not seen what was coming…
Suddenly has Arrived
Despite nine full years of zero-to-slight interest rates, “suddenly” has arrived. “Total US bankruptcy filings by consumers and businesses in March spiked 40% from February
No Need For Government Force Legal Pot Will Make Higher Wages
McCurdy should notice what’s going on in Denver. “Colorado’s restaurant labor market is in Defcon 5 right now, because of weed facilities,”
Old Fed or New Fed, Rates are Headed Up
does the Fed really set interest rates or follow the market?
Trading Bad Paper Helps Underwater Homeowners
In the short term Gov’t Sachs is looking to satisfy its debt to society, but in the long run they think they can make some money at this.
Grexit Spells Trouble For Trump's Bubbleland
Investors may have forgotten that the U.S. market swoons when Greeks get handouts. July will be here soon and the Greeks owe a $7.42 billion bond payment they have no hope of paying.
Lawyers Cry Crocodile Tears, While Their Clients Dance On
“They’re a hard demographic to represent,” lawyer Leon Greenberg told Allie Conti of vice.com. “The girls who are into it are making a lot of money, so it’s easy to say, ‘Oh, we’re getting $500 or $1,000 or a couple of thousand dollars for a day or night’s work.’
Clouds Over 2018
t’s as the Austrian economists predict: when the monetary accommodation ends, it’s time for the cleansing of malinvestments to begin.
Wall Street Depression Takes Another Life
Perhaps world markets are on the edge of crashing and those on the inside know it and don't want to be around for the carnage.
Chained to Trump's Rhythm
Reality television, despite bearing no relation to reality, has shaped Trump into a man for the age, the reality TV age
From a Business Entrepreneur to a Political One
It’s clear how Linda McMahon sees her future, not as a business entrepreneur, but as a political one. She has run twice unsuccessfully for the Senate but didn’t give up, donating enough money to attract Donald Trump’s attention to run a Cabinet-level agency.
In heat of the market, as speculators give chase, bubble values make perfect sense.
Keynesians at the central bank think people are just so many particles to be plugged into their models to determine what to set the fed funds rate to, or how much Q to stir into its QE. But when the researchers plugged numbers into MV=PQ, they admitted, “(I)nflation in the U.S. should have been about 31 percent per year between 2008 and 2013, when the money supply grew at an average pace of 33 percent per year and output grew at an average pace just below 2 percent.”
Most home sales in Las Vegas are made during the warm month window (March to October) making this February sales spurt unusual.
Even as a kid, Buffett was constantly making money, delivering papers and whatnot. Viewers won’t be surprised he was nerdy kid, good with numbers, bad at school, and awful with girls.
The shy undertaker was not a swashbuckling Randian hero or libertarian firebrand, but a passive-aggressive political manipulator.
Trump on Time
A builder of skyscrapers and ego, Donald Trump’s hubris won’t allow him to consider magazine indicators and such. After his inauguration, he asserted, “Time magazine—and I have been on their cover, like, 14 or 15 times. I think we have the all-time record in the history of Time magazine.”
Federal Reserve chairman Janet Yellen makes no apologies for raising the prices of
stocks and bonds. It’s all for the little people, she says. “We are trying help families afford
things.” What her employer really does is allow the bankrupt to keep operating.