America's Economic Future – A Discussion By Ted Kavadas
One of the commonly stated reasons for buying a home now, as opposed to renting, is that “I can own (a home) cheaper than I can rent.” This is no doubt the case in many areas of the country, especially those that have experienced large declines in residential real estate prices. Is this condition, where …
I came across an interesting Fortune Magazine story dated February 16 titled “Where’s housing headed? Follow rents.” The link can be found here. Of course, given my previous posts on residential real estate I don’t agree with many aspects of the story, especially the statement “Given that analysis, it’s likely that prices will fall another …
Here is a link to the NY Fed’s page regarding the yield curve (specifically the 10-year rates vs. 3-month rates) as a leading indicator. What I find interesting is that the chart (pdf, at this link) plotting the current probability of recession indicates an imperceptibly small .04% chance of recession as of January 2010. As …