Wealth

Managing a Financial Windfall

This post was written by our friend at The Boomer Club. Finding out you received a financial windfall is exciting. Odds are at some point you’ll likely receive a sudden influx of money. Windfalls can come from lots of different sources: inheritance, divorce settlement, insurance proceeds, sale of small business, severance or retirement package and […]

Stock

HVS: Q3 2019 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2019. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but […]

Stock

NAR: “Pending Home Sales Rise 1.5% in September”

From the NAR: Pending Home Sales Rise 1.5% in September Pending home sales grew in September, marking two consecutive months of increases, according to the National Association of Realtors. The four major regions were split last month, as the Midwest and South recorded gains but the Northeast and West reported declines in month-over-month contract activity. […]

Investing

Global Debt Outlook: Slowing growth has led to monetary easing around the world

Watch Hemant’s outlook Watch Meral’s outlook The third quarter continued to see weaker global growth, led primarily by the rest of the world as the US surprised to the upside after what had been much-lowered expectations. As anticipated, global growth slowed, and policymakers responded by moving towards easier monetary conditions in almost every major global […]

Stock

Case-Shiller: National House Price Index increased 3.2% year-over-year in August

S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3 month average of June, July and August prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA data […]

Tax

The gutting of accounting

I went to the launch of a book I have contributed a chapter to last night. This is the book. My chapter is on country-by-country reporting and the hunt for missing data on where tax is paid.  Towards the close of the discussion, which took place at Middlesex University, I offered a comment. Many present […]

Stock

Reaching for yield? Be aware of what lies beneath…

Three quarters into 2019, stock and bond performance seems to be telling a story of relative calm.  Scratch the surface, however, and underlying market movements complicate the narrative. In particular, a trend toward quality suggests that investors are more concerned than they first appear. Beneath the market calm… A focus on quality While volatility has […]