Tag Archives: Government

Government and Fiscal Irresponsibility

Town of Oyster Bay bond rating

Summary: Note to government: Eventually you runout of other peoples money to spend and when the piper needs to be paid the pockets will be empty! And the burden on business and investors of all types to make-up the deficit can quickly become unsustainable! ‘Long Island’s Town Of Oyster Bay An Example Of What Happens When […]

Unintended Consequences Of A $15 Per Hour Minimum Wage!

minimum wage hike

A government mandated jump in the minimum wage to $15 per hour sounds like a boon for low-wage workers! But the reality is that it’s likely there will be unintended negative consequences resulting from a government-mandated regulation that imposes a dramatic increase to the cost structure of businesses. First, consider that the politicians who impose […]

In Business, Are The Inmates About To Run The Asylum?

For the Baby Boomers in the crowd who are between 51 and 70-years old, remember your first job? Mine was working for a caterer when I was 12 or 13-years old where I would arrive at their cooking facility at around 7AM to load the truck with food, plates, table clothes etc. We would then drive to […]

Eye On Real Estate: Week Of February 22, 2016

real estate statistics

What is happening and what has happened in the real estate sector? Here’s this weeks calendar of real estate-related economic releases along with last weeks performance within a variety of real estate-related stock market sectors. Courtesy of Zelman and Associates: Looking Ahead And Looking Back Tuesday, A Possible Confusing Existing Home Sales Message: The NAR releases its estimate […]

Dodd-Frank And CMBS – Lenders Will Soon Be Required To ‘Eat Their Own Cooking’!

CMBS,securitization,Dodd-Frank

What’s better for a lender than underwriting a commercial mortgage loan, packaging it with other loans and then selling it to investors? Any inherent risk of loan default, after the time it may take to sell the security off course, would be passed off to the investor that buys it. What we saw during the financial […]

Power And Pain Of The Internet: We Are All Bound By An Historical Record!

Rule: Don’t write about anything on the internet concerning a position that’s been stated for political or professional expediency! But, as most of us already know (and if you don’t know you are learning by watching both parties fight to find a presidential candidate), saying anything to earn a nomination or win an election is for most of […]

Instant Replay! ‘U.S. Business In The Hands Of Federal Reserve Academicians!’

The Federal Reserve, after raising its benchmark fed funds rate .25% in December 2015, yesterday left rates unchanged! The December increase was implemented despite inflation remaining well below the Fed’s target rate of 2% and in the face of an economic recovery that could be, at best, termed tepid. At the time some speculated that […]

Feds To Track High-End, All-Cash Real Estate Transactions In Manhattan And Miami!

The US Treasury Departments Financial Crimes Enforcement Network (FinCEN) to begin tracking high-end real estate sales! FinCEN Takes Aim at Real Estate Secrecy in Manhattan and Miami “Geographic Targeting Orders” Require Identification for High–End Cash Buyers WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) today issued Geographic Targeting Orders (GTO) that will temporarily require certain U.S. […]

The Other Side Of The $1.5 Billion Powerball Lottery Jackpot…A Regressive Tax!

Powerball,taxes,taxation

The other day we offered some advice on what to do if you beat the odds of 1 in 292 million and actually won the Powerball jackpot! In the article, ‘If You Win The $1.3 Billion Powerball Jackpot What Should You Do (And Not Do)? (Video)‘, nine potential steps were provided along with a video describing […]

So You Want To Record A Deed In Nassau County, New York?

Recording a deed or mortgage in Nassau County, New York continues to take far longer than it used to! At the beginning of October the implementation of a new computer system at the Nassau County, New York’s Clerk’s office went less well than anticipated as described in the article ‘Nassau County Technology Blues – The Public […]