The Hangover Let’s look at a drinker. Not a raving alcoholic that gets drunk regularly, rather our drinker – we’ll call him Jim – will control his consumption most of the time. However every once in a while Jim will let the moment get the best of his judgement, and he’ll get smashed. When I [...]

The unfolding foreclosure-filing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners,  the housing market and the broader economy—depends on how quickly a number of technical problems and legal challenges are resolved in the months ahead. In essence, fast-paced modern finance is [...]

Today’s release of July employment data has vastly greater political consequences than economic or financial. Those consequences extend beyond elected officials to policy makers at the Fed, and inside the administration and out.      Net of all the moving parts (census workers) and revisions (June minus 152,000), job creation is flat. A minor up-trend in [...]

If you are thinking about purchasing a new home, don’t wait until you find the perfect home to get prequalified! Make sure your credit is healthy and find out how much you can qualify for before you find the home of your dreams. This helps insure that you not only choose a home in the [...]