U.S. Dollar Down, Everything Else . . Up! Perplexed by the action in stocks and commodities since last Spring? (I’ve addressed housing in many, many other posts.) See the explanation (below), courtesy of David Rosenberg, chief economist and strategist at Toronto-based investment manager Gluskin Sheff. It’s a bit wonky — note the references to the...Read More
Watching “Strategic Defaults” A couple other points from Rick Sharga’s excellent presentation yesterday, including a much-needed “silver lining”: The “X” factor in everyone’s foreclosure projections is what happens with “strategic defaults.” Typically, people don’t pay their mortgages because they can’t. A strategic default is when someone doesn’t pay their mortgage because they’ve decided not to....Read More
