Analyzing the Real Forces Behind Current Housing Supply and Demand [View article]
Optional comes in many flavors. Empty nesters wanting to downsize (or "right-size" as one real-estate agent told me - when he told me about an empty-nester couple buying a bigger house - whatever), retirees wanting to move closer to family, someone employed but would love to move to a different part of the country, all these people and more have a reason to sell their homes, but a lot of times the reasons are tied to their own economics. But no matter, a person who sells their home for the reasons above is usually buying a home or condo - not moving into their car or in with their brother-in-law.
More from a stressed foreclosure system: Bank of America (BAC) apologizes for an October incident where a contractor entered and padlocked a home, cut off utilities and confiscated a pet parrot - all at the wrong house. [View news story]
Buyout firms may be hard pressed to invest the half-trillion dollars they're sitting on: At the current pace of deals, it would take until 2021 to soak up unspent money. With just 3-6 years to invest capital before it usually must be released, LBO funds may have to let go of a lot of dry powder. [View news story]
Analyzing the Real Forces Behind Current Housing Supply and Demand [View article]
I see many fewer homes for sale in my area (Cincinnati) than I have in the past ten or fifteen years. Oh, there have been forclosures in my neighborhood (not all due to job losses, some due to marriage problems), but those homes were immediately sold. Just in my tiney part of the world, I see more who would like to sell but have to put it off due to a drop in prices. People my kids' ages (mid to late twenties) aren't even thinking of buying a place.
Stock prices have room to rise further, and the likelihood of a double-dip has diminished, Abby Joseph Cohen tells CNBC. "The stock market is almost always a discounting mechanism that... moves in advance of the economy, but we don't think it has moved too far at this point," she says, expecting the S&P to hit 1250-1300 this year. [View news story]
No one knows what the H is going to happen this coming year. Our situation has so many variables on edge that even a chaos theoretician is left scratching his head.
Total Unemployment Ticks Up in February [View article]
I've been listening to NPR all morning and they are by no means sugar-coating the employment numbers. The underemployed and those who have given up looking for jobs are mentioned along with the "official" unemployment rate. I don't get why the market is up so much today (and this from an optimist). This may be the beginning of a new highly mobile labor workforce. Workers my kids' ages liked to flit from one job to another, and now they are being flitted by their employers. Mobile pensions have been around for awhile, and this is why we need mobile healthcare.
Royal Dutch Shell (RDS.A) CEO Peter Voser believes oil will remain the dominant energy source for decades. "I think what is dead is cheap oil... There is sufficient oil around [but producers] will have to spend more to get it... and I think you'll see that in the end price for consumers." [View news story]
Dominant AND expensive? Hope our tech boys will come up with something else.
I agree. I lived in the Rochester NY area when Kodak let a lot of people go - there were just enough smart ones let go who started up tech businesses in the area.
Price-conscious Americans are capable of reducing the cost of any product, the Curious Capitalist notes, so why wouldn't a 429-word bill letting them see all the prices do the same for healthcare costs? [View news story]
Mmmmm. Can most people handle their portable pensions (401K's)?Not really. I don't think most people can handle their own personal, portable, health care plans. Picking a health care plan isn't like buying a cute pair of shoes.
Also - in some businesses - you just can't hire and turn product out overnight. Even my business takes a good degree of training, not all manufacturing is idiot proof. If employers wait too long in a decent upturn to hire, they may get burnt with what's left. The demographics point to a shrinking workforce in the future. My parents are depression era, not babyboomers, and even they go to the mall to have something to do, yes, retirees still spend and buy.
This "sales guy" is also co-owner of the family business. But you're right, who knows what the real story is. Could be just very poor management. I've worked in my recession proof business for over thirty years. The only times I've seen trouble (places going bust) is when economic times are good. Just very poor mangement (or no management).
Analyzing the Real Forces Behind Current Housing Supply and Demand [View article]
More from a stressed foreclosure system: Bank of America (BAC) apologizes for an October incident where a contractor entered and padlocked a home, cut off utilities and confiscated a pet parrot - all at the wrong house. [View news story]
Buyout firms may be hard pressed to invest the half-trillion dollars they're sitting on: At the current pace of deals, it would take until 2021 to soak up unspent money. With just 3-6 years to invest capital before it usually must be released, LBO funds may have to let go of a lot of dry powder. [View news story]
Fed officials are doing some careful wordsmithing, trying to figure out the best way to signal, when the time comes, that a rate increase is in the works. [View news story]
Fed officials are doing some careful wordsmithing, trying to figure out the best way to signal, when the time comes, that a rate increase is in the works. [View news story]
Analyzing the Real Forces Behind Current Housing Supply and Demand [View article]
Just in my tiney part of the world, I see more who would like to sell but have to put it off due to a drop in prices. People my kids' ages (mid to late twenties) aren't even thinking of buying a place.
Stock prices have room to rise further, and the likelihood of a double-dip has diminished, Abby Joseph Cohen tells CNBC. "The stock market is almost always a discounting mechanism that... moves in advance of the economy, but we don't think it has moved too far at this point," she says, expecting the S&P to hit 1250-1300 this year. [View news story]
Total Unemployment Ticks Up in February [View article]
Total Unemployment Ticks Up in February [View article]
This may be the beginning of a new highly mobile labor workforce. Workers my kids' ages liked to flit from one job to another, and now they are being flitted by their employers. Mobile pensions have been around for awhile, and this is why we need mobile healthcare.
Royal Dutch Shell (RDS.A) CEO Peter Voser believes oil will remain the dominant energy source for decades. "I think what is dead is cheap oil... There is sufficient oil around [but producers] will have to spend more to get it... and I think you'll see that in the end price for consumers." [View news story]
Initial Jobless Claims: -29K to 469K vs. 473K consensus. Continuing claims -134K to 4,500,000. [View news story]
Price-conscious Americans are capable of reducing the cost of any product, the Curious Capitalist notes, so why wouldn't a 429-word bill letting them see all the prices do the same for healthcare costs? [View news story]
Initial Jobless Claims: -29K to 469K vs. 473K consensus. Continuing claims -134K to 4,500,000. [View news story]
Initial Jobless Claims: -29K to 469K vs. 473K consensus. Continuing claims -134K to 4,500,000. [View news story]
Initial Jobless Claims: -29K to 469K vs. 473K consensus. Continuing claims -134K to 4,500,000. [View news story]