Hanging Sheet Rock for $90k a Year Is North Dakota’s energy-driven economic boom creating ripple effects in the Twin Cities? Specifically, in the Twin Cities labor market? It would appear that way. Anecdotally, I’m now hearing of Twin Cities contractors whose labor force is depleted because of the siren call coming from western North Dakota....Read More
More Hot Air From the White House Is the White House finally getting serious about helping underwater homeowners refinance their mortgages? Not judging by the bond market. Yesterday, mortgage-backed securities issued by Fannie Mae and Freddie Mac jumped in price. Given how refinancing affects these bonds — borrowers who re-finance pay off their expensive loans, reducing investors’ return —...Read More
