Real Estate

Video Home Tour Requests Soar Nearly 500% in One Week

As the coronavirus upends the buying process, house hunters are increasingly relying on Redfin’s virtual technology for viewing and closing on homes.  Redfin saw a 494% increase in requests for agent-led video home tours last week, following an 80% increase the prior week, as homebuyers began relying heavily on virtual viewings amid the coronavirus outbreak. […]

Investing

The Fed’s ‘whatever it takes’ moment

Monday morning, March 23, the Federal Reserve (Fed) announced one of the most aggressive monetary easing programs in the history of central banking. The set of measures announced includes open-ended purchases of Treasury securities and agency mortgage-backed securities (quantitative easing or QE), and programs to support the flow of credit to consumers and employers. In […]

Investing

So I have some bad news

So, I have some bad news. I’ve spent this week fighting a virus. It’s dangerous, it’s destructive … and it’s about to explode, and potentially infect millions of people. Let me explain: it’s a financial cousin of the coronavirus which I’m calling the ‘Payday Lending Pandemic’. See, this weekend, in kitchens and living rooms across […]

Investing

Coronavirus impact and response: A global view

Every morning, my day begins by discussing the latest developments in the coronavirus fight with my team of strategists on-the-ground in Hong Kong, Italy, London, Tokyo, New York and elsewhere. Today, my weekly blog features several members of Invesco’s Global Market Strategy Office, who answer the most pressing questions they’ve been hearing from investors who […]

Tax

At long last the government can borrow straight from the Bank of England – as modern monetary theory has always suggested it should

In today’s FT Alphaville was this pure gem: Hidden in last Thursday’s announcement from the Bank of England that it intends to buy another £200bn-worth of mostly government bonds was this line: The MPC will keep under review the case for participating in the primary market. It might sound like dull techno-speak, but the mere possibility of […]

Stock

Why we favor re-balancing portfolios

Fears of the coronavirus outbreak and its economic toll have triggered drastic market moves in recent weeks. As a result, the composition of many portfolios has shifted away from what it has supposed to be on a broad asset class level. Sharp equity selloffs and government bond yield declines have mechanically turned many portfolios underweight […]

Stock

Black Knight’s First Look: National Mortgage Delinquency Rate Increased slightly in February

From Black Knight: Black Knight’s First Look: Foreclosure Starts Hit Lowest Level on Record; Mortgage Delinquencies Edge Slightly Upward from January’s Record Low • Foreclosure starts fell 25% from January 2020, and 20% from the year prior, hitting their lowest level on record since Black Knight began publicly reporting the metric in January 2000 • […]

Stock

Fed: Whatever it Takes Announcement

From the Federal Reserve: Federal Reserve announces extensive new measures to support the economy. There are several actions in the announcement including: The Federal Open Market Committee (FOMC) will purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions […]

Stock

“Chicago Fed National Activity Index Index Suggests Economic Growth Picked Up in February”

From the Chicago Fed: Chicago Fed National Activity Index Index Suggests Economic Growth Picked Up in February The data through February were unlikely to have been affected much by the COVID-19 outbreak. Economic data for March will be incorporated in the next CFNAI released on April 20, 2020. Led by improvements in production-related indicators, the […]

Real Estate

Economic Slowdown: What the Experts Are Saying

More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real […]

Tax

So rail nationalisation is possible after all

The sham of rail privatisation has just been exposed. As the FT has announced: The British government has suspended the UK rail franchise system in a move that effectively nationalises any losses by railway companies for the next six months — in the latest sign of how the coronavirus pandemic is blighting the economy. The […]