March 23, 2021 Well, the issue of additional stimulus is resolved. We keep hearing the term “trillion” being bantered about. How much is a trillion dollars? A trillion dollars is a million dollars multiplied by a million. Or if you prefer, a thousand billion. It has 12 zeroes: $1,000,000,000,000. That is a lot of zeros. […]
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March 16, 2021 During the Great Recession, a little more than a decade ago — the value of real estate was hit significantly. We spent ten years recovering as values reached pre-recession levels and then some. During the COVID-induced recession of last year, home appreciation actually accelerated. Just recently, CoreLogic confirmed that house values rose […]
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March 9, 2021 What is the definition of a “K-shaped” economic recovery? A “V-shaped” is a quick and sharp recovery and a “U-shaped” recovery is more gradual. The “K-shaped” recovery is bifurcated. This means that certain segments of the recovery are happening at different speeds. In this case, the real estate sector definitely represents the […]
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February 16, 2021 A few weeks ago, we saw the first reading of economic growth for the 4th quarter of last year. Though this number is subject to two revisions, the increase of 4.0% is not expected to change all that much. Taken by itself, a rise of 4.0% would be seen as fairly substantial. […]
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January 26, 2021 Well, we have a new President of the United States. Feel any different? We still have COVID raging, a vaccine-fueled recovery in the works, a bitterly divided electorate and an impeachment trial coming up. While that may not seem vastly different from last week, we might keep our eyes open to look […]
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December 29, 2020 By the end of this week, 2020 will have ended. It is hopeful that we will never have to say goodbye to another year like 2020. Indeed, economists around the world are predicting a vastly different year for 2021. And while we may present some of these forecasts, we always caution that […]
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December 22, 2020 It seems like the next step of government stimulus has been debated forever. When you are out of work or your business is hanging on, time moves very slowly. As a matter of fact, we have been considering the next level of stimulus for such an extended period that some are thinking […]
Read More December 15, 2020 This is the home stretch for 2020 and also, we hope, the home stretch for the COVID nightmare which has afflicted the world in 2020. For us, 2021 cannot come quickly enough. Nor can deliveries of vaccines. We are reminded that even though these vaccines will hopefully mark the end of this […]
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December 8, 2020, Last week’s reading on employment was the last we will see in 2020. We believe that we have had enough bad economic news this year and are looking for a better year in 2021. The gain of 245,000 jobs was seen as disappointing, as the gain in jobs has slowed significantly as […]
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November 10, 2020 Your candidate won. Your candidate lost. You are confused like us because you have no idea who really did win. The real winner of any election in our country is democracy itself. The right to vote was exercised by a greater percentage of our populace than most anytime within the last one-hundred […]
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