Reading an Op-Ed from the American Enterprise Institute concerning the issues facing the European economy and the tools (or lack thereof) available to the ECB for fighting them, I was reminded of a conversation that I had over the weekend. How I was asked, do you know when it tis time to get out of the […]
This coming week we will likely begin to see some of the economic impact that the coronavirus is inflicting on the U.S. economy. The forecasts below were generated by Peter Morici, a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and seven-time winner of […]
Are some economic statistics suggesting that the United States may be on the edge of a fiscal cliff? And if that’s the case, what impact would stepping-off of the said cliff have the real estate market? Spoiler alert, as this is actually somewhat of a rhetorical question. By asking anyone old enough to notice in 2007-2010, you will […]
Whether it’s what a company may earn in a given quarter, who will win the 8th at Belmont, if it will rain today or of course the economy, forecasting and prediction are inexact sciences! As discussed in this space previously, ‘Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is Not For The Faint Of […]
While interest rates have risen from depths that saw the 10-year treasury yielding 1.36% on 7/3/16, to 2.25% today, given Fed plans to tighten and pledge to shrink its balance sheet should rates be even higher? The Fed will typically engage in the monetary policy of tightening and lift the Fed Funds rate when the two […]
Some of the days most important business headlines plus the U.S. economic calendar for the week of May 2, 2016! Puerto Rico says will default on Government Development Bank debt Monday Q&A: Puerto Rico’s debt crisis explained Asian Stocks Slide After Yen Caps Biggest Gain Since 2008 Crisis New York’s minimum wage hits Domino’s Why […]
In the search for new ways to describe the state of the U.S residential real estate, how about an analogy to breakfast cereal! The article below, ‘Housing Goes Snap, Crackle & Pop?‘, was written by Jonathan Miller. For those that may be unfamiliar, Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm […]
As mortgage loans originated to subprime borrowers are once again on the rise, so too is the delinquency rate for subprime auto loans! So for the buyers of securities backed by either subprime mortgages or auto loans as well as for the banks originating these loans, is there a cause for concern? In other words are we […]
Did Janet Yellen raise the fed funds rate in December only to turn around and lower it now? With the selloff in the equity market, sharp decline in the price of crude oil and uncertainty surrounding the U.S. and global economies, the LAST thing we need is for a crisis of confidence to develop concerning […]
In mid-December 2015, and for the first-time in about eight years, the Janet Yellen-led Federal Reserve raised short-term rates .25%! In a normal financial, political and economic environment one would therefore assume that the economy is in strong enough to warrant a rate hike and that inflation is at or very close to the Fed’s target rate. […]
