COVID-19
Confiscation: The Enduring Pandemic Hangover?
The recession caused by the pandemic lockdowns has led to astronomical spending increases by the Federal government, and the monetization of a torrent of newly created debt by the Federal Reserve. This coordinated monetary and fiscal response sets the current crisis policy apart from what followed the Great Financial Crisis Read more…
COVID-19
Real Estate and the K-Shaped Recovery
For some time the market’s action has reminded us of a verse from the New Testament: For whoever has, to him more shall be given, and he will have an abundance; but whoever does not have, even what he has shall be taken away from him. Matthew 13:12 (Of course Read more…
Federal Reserve
Market Summary — 2 July 2020
Robinhood Earlier this year, just before the pandemic broke, Bloomberg Businessweek featured a cover story about r/WallStreetBets, a bulletin board on the Reddit news aggregator populated by young traders with Gen Z attitudes — boasting ironically as much about their failures as their successes, churning out an endless stream of Read more…
Real Estate
Residential Real Estate: Ripe For Technological Disruption
The total value of residential real estate in the U.S. is about $34 trillion — about the same as the total market capitalization of all publicly traded U.S. companies. But while technology has made the stock market much more efficient — allowing transactions to happen with greater ease and speed, Read more…
E-commerce
Real Estate Changes: Colony Goes All-In On Digital, Retailers Build Urban Logistics Centers
Colony Capital [NYSE: CLNY], after a disastrous 2017 merger with NorthStar Asset Management, is reinventing itself, and its plan says something interesting about economic and real estate trends. CEO Thomas Barrack announced two weeks ago that the company would be shedding as much as 90% of its existing portfolio — Read more…
Housing
March 24, 2016
Economic Momentum Will Support Housing in 2016 Between its peak in July, 2006, and its bottom in March, 2012, the Case-Shiller home price index, which aggregates data from 20 metropolitan areas in the U.S., registered a drop of more than 27 percent. Since that bottom, the index has registered a Read more…
