I am grateful to have a roof over my head, and while I do not know personally four of the five people who suffer through my mental iterations, I too am grateful that you have a roof over your heads as well. That said, beyond the safety of shelter, how much is that roof worth? … Continue reading Your house is overvalued. It is worth negative infinity.
Just finished watching an insightful interview between Todd Sachs and Danielle DiMartino Booth via YouTube. Ms. DiMartino Booth is a renowned market analyst and commenter who brings an insider’s perspective to activity in the financial markets and the effectiveness of monetary policy. Ms. DiMartino Booth expressed concern about how home purchases used to be about … Continue reading Should we look at a mortgage like a forward contract?
A high school classmate shared with me her concern about looking for higher yielding accounts. Baby boomers closing in on retirement are either trying to accumulate more cash via compounding interest while saving more of our incomes and sticking those savings into accounts. Meanwhile the media is guiding our eyeballs and eardrums to the messaging … Continue reading The Fed narrative and depositors. Is there a conflict?
Lawyers Write the Bets. Bankers Sell the Bets. 