February 9, 2009

Chasing a Falling Market

Seller’s Lament: Always One Price Cut (or More) Behind This chart shows graphically the perils of initially pricing too high, then trying to catch up to a falling market (note: the X-axis is the number of weeks on the market). In this case, the home (not my listing, thankfully) came on the market last July...
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Financial Manslaughter — or Murder?

How Culpable is Wall Street? “The pressure on financial engineers . . . has been to compete to get new products out the door quickly, with their firms showing little patience for multi-year research and development. It’s too bad these new products could not be labeled “beta” . . . to warn that products are...
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