Webster’s for Realtors OK, so they may sound like snowboarding manuevers. To Realtors, however, “commission splits” and “cross-over points” are two of the most important terms in the industry. So, what are they? A Realtor’s commission split is how much of each paycheck they share with their broker. Depending on the Broker and the individual Realtor’s arrangement, Realtors can...Read More
What Happens When Artificially Low Interest Rates . . . . . Rise? Does “financial repression” have a better ring to it than “market manipulation?” If so, you’ll like this piece from today’s Wall Street Journal Op-Ed page: However well-intentioned, the Federal Reserve’s continued purchase of long-term Treasury securities risks camouflaging the country’s true cost of...Read More
“Pot Calling the Kettle Black” — Updated “God is dead.” –Nietzsche “Nietzsche is dead.” –God In a nutshell, that’s my reaction to the news that Standard & Poor’s has put a majority of the Eurozone countries on alert for a credit ratings downgrade. That would be the same S&P that took payment from Wall Street to...Read More
