Why Are Economists' Predictions So Damn Awful?
Why Are Economists' Predictions So Damn Awful?

Economists have bought into the transitory soft patch thesis of the Fed, hook line and sinker. Please consider Economists’ Forecast: Here We...

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LA area Port Traffic Decreased in April
LA area Port Traffic Decreased in April

Note: LA area ports were impacted by labor negotiations that were settled on February 21st. Port traffic surged in March as the waiting ship...

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Home Builders Optimistic Despite Decline in Traffic; Housing Market Index Declines
Home Builders Optimistic Despite Decline in Traffic; Housing Market Index Declines

The National Association of Home Builders' Housing Market Index once again reveals positive builder sentiment even though new home sales...

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Apartments: Supply and Demand
Apartments: Supply and Demand

Time flies! It was five years ago that we started discussing the turnaround for apartments. Then, in January 2011, I attended the NMHC Ap...

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NAHB: Builder Confidence decreased to 54 in May
NAHB: Builder Confidence decreased to 54 in May

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 54 in May, down from 56 in April. Any number...

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Rate Shopping Whores and Chicago's Bond Rating
Rate Shopping Whores and Chicago's Bond Rating

Moody's vs. S&P Rating of Chicago On May 12, Moody's downgraded Chicago's GO bonds to Junk. I commented on that downgrad...

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Greece to Face "Take it or Leave it Offer" Just Like Cyprus
Greece to Face "Take it or Leave it Offer" Just Like Cyprus

In March of 2013 the Troika gave Cyprus a "take it or leave it offer" that destroyed many savers who were foolish enough to keep m...

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Sunday Night Futures
Sunday Night Futures

Monday: • At 10:00 AM ET, the May NAHB homebuilder survey . The consensus is for a reading of 57, up from 56 last month. Any number above 5...

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