The more of life I experience, the more I realize that the most valuable thing a person has in their life is time. The cost of a book is trivial compared to the value of the time spent reading it. … Read More

The Congressional Oversight Panel (COP) released a new report: The Unique Treatment of GMAC Under the TARP [T]he Panel remains unconvinced that bankruptcy was not a viable option in 2008. In connection with the Chrysler and GM bankruptcies, Treasury might … Read More

It is probably time for the U.S. to consider the next set of stress tests for the banks. That is what the Financial Services Authority (FSA) is doing in the U.K. From the FSA : We have now embedded our … Read More

The Pacific NW Housing Summit is an opportunity to bring together professionals from all aspects of the real estate industry with the intent to evaluate the current market conditions, forecast the coming years prospects and plan for the resurgence of … Read More

From CR: There are so many reports of a housing bubble in China, I asked a friend living in China for his thoughts … this is his view: From Michael Kleist in Shanghai: News of soaring housing prices in China, … Read More

My two children are extremely blessed in many ways. Perhaps their greatest blessing is that they’ve surrounded by a family that loves them dearly and truly cares about their future in a deep, fundamental way – and I’m not merely … Read More

This is a follow up on the previous post on short sales and 2nd liens . (the previous post had excerpts from the NY Times, Short-Sale Program to Pay Homeowners to Sell at a Loss and WSJ Home-Saving Loans Afoot … Read More

Last week, Nouriel Roubini released an analysis exclusively for RGE clients. While maintaining his core projection of protracted U-shaped growth in the United States, Roubini argued that the risks of a double-dip recession in the United States are rising. The … Read More

From the BLS: Regional and State Employment and Unemployment Summary Thirty states and the District of Columbia recorded over-the-month unemployment rate increases , 9 states registered rate decreases, and 11 states had no rate change, the U.S. Bureau of Labor … Read More

A weird sequence of events has caused me to find myself all alone over the coming weekend. My wife is visiting her sister, while my two children are visiting their grandparents. This leaves me with two full days without any … Read More