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Fed

The Fed’s Theme Song (Still): “Saved by Zero”

Janet Yellen Playing Ben Bernanke’s Favorite Tune Maybe, someday Saved by zero I’ll be more together Stretched by fewer Thoughts that leave me Chasing after My dreams disown me Loaded with danger Maybe I’ll win Saved by Zero Holding onto Words that teach me I will conquer Space around me Maybe I’ll win Saved by...
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August, 2015 Housing Market: Macro Variables > Micro?

China’s Chickens Come Home to Roost** or, Is the Opposite of the “Wealth Effect” the “Poverty Effect??” Normally, I tell prospective home Buyers and Sellers to tune out “macro” factors like the broader economy, (un)employment, etc. and instead focus on “micro” factors affecting the specific property they want to buy or sell. So, forget about...
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Double-Dip Housing, Double-Dip Economy?

Modern Greek Drama That seems to be the question of the hour — along with a certain Greek (financial) drama playing out in Europe (plus the winding down of the Fed’s QE II campaign). My take:  with rental vacancy rates at 3% (and falling) in the Twin Cities, I see lots of demand for houses in...
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