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Thursday, May 16, 2013
The Fed lowers rates to rescue the economy from recessions. Then it raises rates to “take away the punch bowl” just when the party starts to get rowdy. While the U.S. economy is far from raucous and rowdy, it is … Continue reading → |
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Monday, May 13, 2013
Credit is the life blood of a capitalistic system. When consumers borrow money to buy things, it creates growth in America. When business owners can borrow money for growth, that creates jobs too. The good news is that credit is … Continue reading → |
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Thursday, May 02, 2013
It was just two years ago. House prices had fallen in America for the first time in living memory. The “shadow” inventory formed a massive “overhang” that retarded any housing market recovery. Nobody wanted to buy a house because they … Continue reading → |
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Thursday, April 25, 2013
The current recovery in the housing market has been accompanied by tight credit conditions for many would-be borrowers, especially first-time homebuyers. This negatively affects new household formation. In addition, the loosening of credit conditions has been slow and gradual. The … Continue reading → |
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Thursday, April 18, 2013
Early last year, I advised businessmen and women not to take a vacation until after July. I suggested that most of the business activity in America in 2012 would happen in the first half and then really slow down. It … Continue reading → |