Thanks to a video from Digital Asset News, I found out about this website called Truflation. It’s free to use so go ahead and enjoy (?) yourselves in exploring what the real change in cost of living might be in the U.S. Since the government will be releasing its official June CPI print tomorrow, and … Read more
A look at some recent data showing housing is becoming more and more unaffordable for the average American buyer, why that might be, and why it is not transitory or cyclical. I explore topics from macro analyst Luke Gromen, look at investor purchase data, and then touch on the one thing that could collapse home … Read more
Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. This episode is a bit of an exploration, a weaving together of disparate news items that are all interconnected. I look at data on foreclosures in 2021, purchase mortgage applications, … Read more
Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. In this episode, I react to a wonderful video from Blockworks called “What Will Happen if the Fed Raises Rates with Danielle DiMartino Booth.” I strongly recommend viewers to consider … Read more
I recently spent a good amount of time learning about the history of finance, how it functioned in some of the largest empires mankind has ever seen, and, most importantly, how those empires compare to America. Funnily enough, it was as I was driving back from visiting Rob that I came across a very interesting … Read more
Have you guys been keeping up with the Archegos crash? That looks like an absolute nightmare. Everyone believed Archegoes was solvent as well but the second there was any miscalculation, they lost everything. Worse, the banks were left to squabble over who had to incur the losses. Credit Suisse took a 4.7 billion dollar hit … Read more
I am not an economist, and I don’t play one on TV, and I didn’t stay at a Holiday Inn Express last night… but I kinda look like one. Plus, Seth Price of Placester isn’t an economist either as far as I know, although he’s a good friend who is not only brilliant but … Read more
I’m in court all this week, so blogging can’t help but be light. But I did want to pass on an interesting conversation I had last night with a friend who is a Wall Street guy and a sharp reader of the economic scene. I asked him whether inflation expectations were influencing people with … Read more
On my 7DS blog, and on AOL, I wrote about the phenomenon of super-rich people paying cash for expensive ($5m plus) homes in California. And I wondered what it is that they knew that the rest of us didn’t. Here’s the post on 7DS, and here’s the one on AOL. Well, turns out, the rich … Read more