Earlier this week, the C.I.A. concluded that Saudi journalist Jamal Khashoggi was killed in the Saudi Consulate in Istanbul on the direct orders of the Saudi crown prince, Mohammed bin Salman. In response, President Trump issued this ultimatum to the Kingdom: “We know this came from you. And so you’re not getting a free pass. For...Read More
[Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Napster — the copyright infringing, file-sharing, early Internet darling of the ’90’s — may have deserved to die. See, “copyright infringement.” But,...Read More
First, Carrier. Next: Single Payer Health Care?? “A little muscle judiciously applied can be a unifying thing.” –Peggy Noonan, “Trump’s Carrier Coup and a Lesson From JFK”; The Wall Street Journal (12/2/16). [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other...Read More
Post-Election Aftermath: Stock Market Boom, Bond Market Bust Overshadowed by all the political fallout the last week is the election’s effect on interest rates: up, quickly. According to Edina Mortgage’s Steve Mohabir, subsequent to the election, interest rates for a 30-year mortgage for well-qualified borrowers jumped a huge (“Yuge??“) 50 basis points, from 3.5% to over...Read More
