Harvard Trained Economist: The Real Black Swan

Harvard Trained Economist: The Real Black Swan

Mar 6, 2020 | Stock Market, World News

The Nasdaq crashed 13% from February 24-28. The three-month crash into late December 2018 was 20%+, but not this sharp. This crash is now the fastest in one week following a new high in stocks. The coronavirus is what I call a real “black swan.” Something that comes...
Harvard Trained Economist: Housing Bubbles Are Bad For The Economy

Harvard Trained Economist: Housing Bubbles Are Bad For The Economy

Dec 23, 2019 | News

How can the same houses go up far faster than inflation for decades, and that possibly be good for an economy? It only benefits older people who bought earlier, and the affluent who buy the most expensive ones that tend to bubble the most. I was just in Australia...
Harvard Trained Economist: The Great Boomer Migration

Harvard Trained Economist: The Great Boomer Migration

Dec 16, 2019 | News

Years ago, I had to adjust my real estate model for di-ers, as homes last near forever and di-ers are forced sellers that can overwhelm and offset the younger peak buyers into age 42-43 in recent years. That’s why Japan’s real estate bust never boomed again...