Fake Housing News? More Like a Missing Decimal Point Nearly 15 million homes sold nationwide in April, May and June, according to new data released last week by the Commerce Department and National Association of Realtors.” –“2020 is the Summer of Booming Home Sales ” and Evictions”; The Washington Post (7/27/2020). Maybe it was due...Read More
“Amazon recorded $35.75 billion in sales in last year’s final three months, up from $29.3 billion in the year-earlier period. Analysts, however, were expecting $36 billion in sales and net income of $754 million, or $1.56 a share. For the year, Amazon reported sales of $107 million, topping the $100 million mark for the first...Read More
When Rigged Markets Become Unrigged “If all you have is a hammer, everything looks like a nail.” –Abraham Maslow “When asset bubbles predominate, everything looks like a pin.” –Corollary; Ross Kaplan In over 40 years(!) watching the stock market, I’ve conservatively witnessed at least 100 dips of 5% or more (20% corrections are rarer, and...Read More
