A weekend topic starting with Time. "The idea that banking mistakes could plunge the U.S. economy into a recession is familiar—the Great Recession that began in 2007 was caused when banks made risky home loans and then sold to lenders…
It's Friday desk clearing time for this blogger. "After reaching a peak of $670,000 in May 2022, median home prices in Northwest Austin have been consistently declining since August, according to the Austin Board of Realtors. February marks the seventh…
A weekend topic starting with the Real Deal. "For years, venture capitalists and tech firms from California descended on South Florida. But the industry’s foothold on the market began to falter last year. And now, in the aftermath of the…
A report from the Jax Daily Record in Florida. "In St. Johns County, which has been the longtime market leader, the median price fell from $526,500 in January to $510,000 in February. In February 2022, the median price in St.…
A weekend topic starting with the Epoch Times. "The Federal Reserve adopting a loose monetary policy—slashing interest rates and buying Treasurys—for an extended period can lead to 'financial turmoil' several years later, the central bank stated in a new paper.…
A report from Yahoo Finance. "Goldman Sachs is out with a new note revealing that of the largest 25 metro areas nationwide, four of them, Austin, Seattle, San Francisco, and Phoenix-- you're looking at them on your screen there-- have…
A weekend topic starting with Real Clear Markets. "Arthur Burns, Chair of the Federal Reserve from 1970 to 1978, publicly regretted afterward that he had lacked the spine to do what was necessary to get the Great Inflation of the…
A weekend topic starting with Reason. "In 2010 Thomas Hoenig, then the president of the Federal Reserve Bank of Kansas City and a member of the central bank's Federal Open Market Committee, thought he was seeing history repeat itself. In…
A report from the Union Tribune in California. "San Diego County's home price has dropped for the sixth month and is close to erasing all yearly price gains. Jeff Grant, owner and agent with Sand & Sea Investments, has a…
A weekend topic starting with the Los Angeles Times. "While it's hard to predict what comes next, economists said it's doubtful rates will fall back to 3% or below anytime soon. That's in part because such rock-bottom rates were the…