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Economy

The Best Opportunity in Property Today Is…

Let’s start with the facts. Home prices shot through the roof because of easy lending standards, artificially low interest rates, mis-priced risk in financial instruments and greed. The more housing

Economy

The Financial Planning Rule of Thumb

We’ve all been suckered into participating in a magic trick before. My favorite starts like this: “Pick a number… any number.” It continues: “Now double that number… then divide it

Economy

How a Conversation About Washing Machines Affects Your Investments

The other day I found myself talking to a few other parents about washing machines. The notion that a washing machine now costs nearly $1,000 seems ridiculous to me. And

Economy

Beyond the Numbers: To Rent or To Buy

Two charts today… First, we see the Rental Vacancy Rate has made a straight-line drop since 2009, decreasing by 10% in just three years. Next, we see the Bloomberg Apartment

Economy

Squatters Blow Mortgage Money on iGadgets

Bank of America has come up with an exciting new plan to turn non-paying home owners into upstanding renters. OK, that’s a bit sarcastic, but it is true… and along

Economy

Stealing From Customers to Pay Shareholders

This June marks five years since the financial sector’s XLF fund peaked. Let’s see how several of the “dead men walking” have fared since then. The chart below shows the

Economy

Watch Out for This Screaming Failure

Raise your hand if you love bureaucracy and red tape. Yeah… that’s what I thought. And that right there is another reason several major banks in this country are dead

Economy

"What I Love To Do" No Longer Cuts It

Math quiz: what is the Return on Investment (ROI) of higher education, funded with student loans, if a graduate can’t find a job? Answers: a) 8 – 10% per year

Economy

Is This Degree Worth It?

When I came out of undergrad in the late ’80s Wall Street was in turmoil. Black Monday wreaked havoc on firms across the nation and it appeared we were headed

Economy

Interest rates bottom, TBF moves higher

Look at this chart. It shows the ProShares Short 20+ Year Treasury ETF (NYSE: TBF). As an inverse fund, TBF goes higher when interest rates go higher and bond prices