So - I went to a neighborhood grocery store yesterday - a national chain in a suburban area, and Orange Juice was $6.69 per gallon! Yes, almost seven bucks for a gallon of OJ. I always hate to make a point with a single anecdotal data point, but you just have to look [...] read more...
The ECB dumps a half trillion dollars on world markets
You better grab your umbrellas, because the European Central Bank (ECB) is making it rain to the tune of 350 billion euros, or just under five hundred billion dollars. Yes, thats a lot of cash. The ECB’s move was meant to restore liquidity to short-term [...] read more...
There are a couple glaring obvious things wrong with CPI:
Food and Energy are excluded - Yes, the core CPI index excludes food and energy prices because they are too ?volatile.? Food and energy costs have exploded over the past five years. So even though food and energy costs are the big part of the budget [...] read more...
You know its funny - if you look at CPI numbers - or the Consumer Price Index put out by the government, you would think that inflation has been running at a lowly two to three percent for the bulk of the past decade. In fact, CPI growth has averaged just around 2.6% over [...] read more...
So - to the point of why housing shouldn’t be considered as part of an investment portfolio, a recent study shows US housing prices plummeting. This is something that all of us know, and the Year-to-Year number (down 7%) isn’t that bad, but it does show that housing values can be volatile, and given [...] read more...
It is always nice to be validated by a major news source, but the themes of our recent article Why You Should NOT Look At Your House As An Investment were retold in a story on the front page of the WSJ Personal Journal section. In Why Your Home Is Not the Investment You [...] read more...