Trickle-Down Economics, Wall Street-Style Floyd Norris, one of my favorite financial writers, ran a post earlier this week noting a recent London jewelry store burglary where the average bauble cost $1.5 million. That prompted this observation, “It will be hard for stores like this to stay in business if governments refuse to support bankers in...Read More
Picking Up the Pieces After a Fall-Through Fools rush in where angels fears to tread.–Alexander Pope “Sale Fell Through!” “Back on the Market!” Great house! You don’t have to spend much time on MLS these days to see evidence of busted deals. So what exactly is going on? Do any of these deals represent opportunities...Read More
Feeding Frenzy Aftermath: Broken Deals Broken lines, broken strings,Broken threads, broken springs,Broken idols, broken heads,People sleeping in broken beds.Ain’t no use jivingAin’t no use jokingEverything is broken. –lyrics, “Everything is Broken” (Bob Dylan) Lo and behold, four to six weeks after some of the wildest bidding wars for foreclosure properties this Spring and early Summer,...Read More
