To me, the big, big, big Macro economic factor is population growth (or the lack of it). Coupled with population growth is the rate of aging within the population. I don’t care what the Fed and all the other CB’s do to push back on the deflationary consequences of demographics. Those forces of will trump the CB’s efforts, it’s just a matter of when.
Today “Miss Housing is in Nirvana 2013” and “Housing Nirvana is around the corner 2014” finally threw in the towel with existing home sales, revising them not only for this year but out to 2016.
I’m amazed at what’s happened since the Mike Lewis/60 Minutes interview. It’s like the book has unearthed some heretofore unknown information. As a result of these ‘revelations’ the Press has gone mad (it’s a global story), and the FBI, SEC and DoJ have announced they are looking into the evils of HFT.
It’s looking more like zero growth in total sales for 2014.
Stock markets around the world fell today, led by the 246 point dive, or 1.5%, for the U.S. Dow Jones Industrial Average and the 1.9% drop for German stock market index. Analysts generally pointed to worries about a shrinking Chinese lending and the potential trade war between Russia and the West, but I am more […]
In March of 2011 I had this to say about Puerto Rico and its muni bonds: The weather is great. The beaches are beautiful. The food is good and the drinks are better. The bonds, on the other hand,don’t get on my “buy” list.
The lack of first time home buyers is not a new phenomenon. This group of mortgage buyers has been underrepresented in the market for years, and you don’t have to read tea leaves to figure out why:
For 2013, one of the main stories in housing was the cool down in existing home sales numbers over the second half of the year, in spite of the relative strength in GDP
So Obama went to California to talk drought and climate change. He brought some cash with him to help the state cope with the water shortage. The Prez is right to be worried about this drought, after all, Cali is 15% of the US economy.
The amount of money big banks have spent on settlements, alone, in just the last four years will blow your mind – and these totals are about to get higher.