Tag: sub-prime

  • No Need to Panic

    The financial meltdown on Wall Street “is like deja vu all over again,” to misquote Yogi Berra. Somehow, these once in a lifetime or once in a century financial crises keep occurring, well before the century has run out. With 1999-2000 still fresh in mind, we all have some frame of reference for understanding how…

  • Interest Rate Cut

    The Fed’s second interest rate cut in just over a week really confused me. Instead of being merely aggressive, it appeared a bit desperate. Perhaps, the national economy is faring much worse than I had believed. The problem for home owners and real estate investors is that our perspective is often local. Easy to tell…