A Weighing the Week Ahead: Seeking Safety?

If you are looking for safety, you are not alone.  Many people who lost money in stocks and real estate have become more risk averse.  The problem? They are looking for safety in all the wrong places! Owners of (formerly AAA-rated) US debt experienced this last week.  If you own a ten-year Treasury note, you […]

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Weighing the Week Ahead: Time for a Turn in Housing?

Since the start of the Great Recession there has been little reason for enthusiasm about the US housing market.  The home construction industry and related sectors have been a continuing drag on the recovery. In my circle of friends I know of several first-time home purchases in the last couple of years.  I was reminded […]

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How President Obama Can Help Housing — Right Now!

The two biggest economic challenges are employment and housing.  Furthermore, they are related.  Weak employment increases foreclosures.  Weak housing decreases aggregate demand and reduces net employment. There is a cycle here — an interaction between these two problems. Obama Policies Miss the Target Here at "A Dash" we try to remain objective about public poicy […]

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Housing Supply and Demand

OK, here I go with another educational concept that has no immediate and actionable investment advice.  I heard a couple of uninformed comments about housing.  One was that the market needed to push prices down so that it would clear.  This reflects ignorance.  Markets clear at the current price. The other was about shadow supply.  […]

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Who Knows about Home Prices?

Yesterday we noted the big play given to popular opinion about the impact of the stimulus package. This is a typical polling question. The issue is important, so you ask opinions whether people understand the problem or not. Since virtually no one understands macro-economics, and many others have a political agenda, the results are skewed. […]

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