Sweet Tooth Economics As I wrote last month, inflation can take two guises: paying more for the same item; or, paying the same for less. See, “Kaplan Family Price Index.” Both types were on display at the Uptown Minneapolis Lunds today. Their (Dutch) brownies — the best in town — just jumped from $2 to...Read More
Mortgage Finance True or False True or false: being underwater (owing more on a home than the home’s worth) precludes an owner from refinancing. Answer: False. You’re excused for answering “true”; normally, if the homeowner has no equity, there’s no collateral to secure the lender’s mortgage. Today is most certainly not a “normal” environment, though....Read More
Of High Tides and Homes A recession is when your neighbor loses their job. A depression is when you lose yours. –Harry Truman A good economy is when you get a raise. A great economy is when you get a raise and a promotion. –Corollary, Ross Kaplan What do those observations have to do with...Read More