Fed cuts rates in surprise move

In a surprise inter-meeting move this morning, the Federal Reserve (Fed) announced a 50 basis point cut in US interest rates to the range of 1% to 1.25%, attributing the cut to the evolving economic risks from the coronavirus.  The Fed decided to cut rates on its own, without a coordinated move by other major […]


Pandemic: A Slowdown or a Recession?

Back in 2013, I wrote “Predicting the Next Recession”. Since then, I’ve updated that post several times, most recently last September. In that post I noted that the next recession could be caused by … “An exogenous event such as a pandemic, significant military conflict, disruption of energy supplies for any reason, a major natural […]


Federal Reserve Cuts Rate 1/2 percentage point

From the Federal Reserve: Federal Reserve issues FOMC statement The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range […]


CoreLogic: House Prices up 4.0% Year-over-year in January

Notes: This CoreLogic House Price Index report is for January. The recent Case-Shiller index release was for December. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic Reports January Home Prices Increased by 4% Year Over Year CoreLogic® … today released the CoreLogic Home Price Index […]


The government’s ill preparedness for deficit management might make a coronavirus epidemic much harder to manage than need be the case

As the FT has noted  this morning: Rishi Sunak has vowed to take “firm action to support families, Companyes and the public services” in response to the spread of coronavirus when he presents his first Budget on March 11. The Budget was supposed to showcase a new economic vision for Britain but as the country braces […]

Real Estate

How to Introduce a Dog to a New Home

Moving to a new home ranks right up there among life’s super-stressful events. This also holds true for your dog. New rooms, unfamiliar smells, a new yard, and a neighborhood of new people and pets. introducing your dog to a new home can all be very exciting — but also overwhelming. While you may have […]