ARCHIVED BLOG POSTS
2013
The Federal Reserve met last week and decided to continue with its $85 billion a month Quantititative easing program. What does that mean for the economy and real estate. Click here for an analysis on what the decision means.
09/27/2013
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St. Louis Federal Reserve Bank President James Bullard told Bloomberg News this morning that the Fed might taper its $85 billion a month Quantitative Easing (QE) program in October but they would need to see how the economic data looks. Mr. Bullard further noted that “This was a close decision h...
09/20/2013
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“The entrepreneur must estimate present and future costs and future revenues and therefore estimate whether and how much profit he will earn.” Murray Rothbard from Economic Depressions:Their Cause and Cure Yesterday we learned from the U.S. Commerce Department that the pace of construction of ...
09/20/2013
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“This is the time of year to write to the Great Pumpkin“- Peanuts character Linus “You must be crazy. When are you going to stop believing in something that isn’t true?” – Peanuts character Charlie Brown Waiting For The Great Pumpkin I read with bemusement every week as pundits and economists...
09/15/2013
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Friday The Boston Globe published excerpts from Smaulgld’s recent blog post “The Recovery Has Reversed Course- Welcome to the Recovery” while Inman News reproduced the entire blog post here. I would like to thank Scott Van Voorhis at the Boston Globe and Matt Carter at Inman News for the addi...
09/15/2013
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Update- Mortgage Applications Fall to Five Year Low "No one ever woke up wishing they had three more drinks the night before." The recovery that started in 2009 and never really progressed has reversed. The recovery is over. Welcome to the Revocery. QE- Recovery Medicine or Extension of Bailono...
09/11/2013
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“Orr would be crazy to fly more missions and sane if he didn’t,but if he was sane he had to fly them. If he flew them he was crazy and didn’t have to; but if he didn’t want to he was sane and had to. That’s some catch, that catch-22.” Joseph Heller, Catch-22 The real estate market is trapped in ...
09/04/2013
