“A Penny Not Spent on Gas . . is a Penny Earned,” or, “Houston, We You Have a Problem” “Oil’s Drop Spills Into Other Assets.” —Headline, Wall Street Journal (12/12/2014) You’d certainly think collapsing oil prices would qualify as a “white swan” event — an unforeseen, “three standard deviations” occurrence that most people would view...Read More
“Moving out of a house is overwhelming in general, but it is perhaps even more unnerving later in life, when one is not only shedding the physical objects that are accumulated over the years but also unwinding a lifetime of memories, even recreating a sense of self.” –“Real Estate Agents for Older Adults Are Part...Read More
Thirty Years in a Home — And No Equity It used to be that people who had owned homes for a longer time were less leveraged than recent purchasers, but the refinancing boom changed that. “A coordinated increase in leverage among homeowners during good times will lead to sharply higher correlations in defaults among those...Read More
