Day

October 27, 2010

Approaching the Zero Bound

“An Attempted Hypodermic Straight to the Economy’s Heart” A fascinating, even feverish dialogue is taking place right now — joined by some of the financial world’s most influential thinkers — concerning what will happen next week, and what economic consequences will flow from that outcome. The elections next Tuesday? Try, the Fed’s much-signalled intention to...
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Rising — and Falling — Real Estate Bar

Want to Stand Out? Drop > 10% Want some anecdotal evidence about housing market conditions these days in the Twin Cities? Higher Bar. Edina Realty, the Twin Cities’ largest broker, requires price reductions of 10% or more to qualify for intra-company email distribution (I believe the policy actually dates back to this Summer). Previously, the...
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(E)mailbox Buster

Realtor Bad Etiquette In the non-realtor world, it would be the equivalent of butting in line, or cutting someone off in traffic. For Realtors, a common example of bad etiquette is blitzing several thousand Realtors’ mailboxes with a 17 megabyte electronic flyer like the one I received yesterday — an anvil of an email if...
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Bubbles as Policy Tool

Grantham: ‘Almost Criminally Inept Fed’ The Federal Reserve’s asymmetric policy of stimulating stock moves by setting artificially low rates and then leaving the bull markets, when overstimulated, to bubble over, is dangerous. It is probably the most dangerous thing to inflict on a peace time economy with two possible exceptions — runaway inflation and a...
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