Day

April 3, 2012

The Two Facets of Inflation

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...
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Refinancing While Underwater

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....
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A (Housing) Market of One

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...
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