Relief at Gas Pump No, it doesn’t make up for the vertigo-inducing gyrations (mostly down) on Wall Street the last six weeks or so. But, it’s a little consolation: dramatically lower gas prices. At Costco, the price for regular (87) octane gas recently was $2.159. For Costco members (I am), it’s actually even lower: net...Read More
Bear Market Silver Linings [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Maybe a bear market — if that’s what we’re headed into — will force Corporate America and Wall Street to make changes that could be easily...Read More
Flight to Safety Drives Down Interest Rates “U.S. Markets Tumble as Fear Spreads” —headline, Wall Street Journal (1/24/14) It’s not great news for people who own stocks, but for prospective home Buyers about to lock on a mortgage, it’s terrific news. Namely, the sudden aversion to stocks and all-things-risky has prompted a stampede into bonds,...Read More
“Recycling” Market Knowledge It doesn’t happen to me that often (fortunately), but it’s always a bummer when a deal I’m involved with falls apart — as happened the other week. But there’s often a silver lining. In the course of handling what turned out to be a doomed condo purchase in Minnetonka a few weeks...Read More
