Boon For Wall Street, Goose Egg for Savers Want to place a bet on how long the Federal Reserve’s current policy of zero percent interest rates (“ZIRP”) continues? Consider who it helps — and hurts: ZIRP Winners: –U.S. Treasury (debt service kept artificially low)— Wall Street (free money — how nice!)–Mega-Corp Borrowers (ditto. IBM just...Read More
No More New Construction? Buy land. They’re not making it anymore. –Mark Twain Twain was clearly wrong about land (and real estate generally) always being a good investment; when credit is cheap and demand strong, prices can and do reach unsustainably high prices. However, his basic insight — look for something where supply is constrained...Read More
