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Tag Archives: Real Estate

New Report Highlights Corporate Funding of Police Foundations, Which Encourage Police Militarization and Thwart Reform

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. One thing I learned from studying with Tom Ferguson: follow the money. That’s the Golden Rule for understanding American politics and other money-driven political systems. Alas, political scientists and other students of politics often don’t do this, for a variety of reasons, not least that they don’t want to admit – let alone document – how our...

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Weekly Market Pulse: Inflation Scare?

Bonds sold off again last week with the yield on the 10 year Treasury closing over 1.6% for the first time since early June. The yield is now down just 16 basis points from the high of 1.76% set on March 30. But this rise in rates is at least a little different than the fall that preceded it. When nominal rates fell from April through July, real rates fell right along with them. The nominal bond yield fell by 63 basis points and the 10 year TIPS yield fell by 57. That means that the drop was...

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Weekly Market Pulse: Zooming Out

How often do you check your brokerage account? There is a famous economics paper from 1997, written by some of the giants in behavioral finance (Thaler, Kahnemann, Tversky & Schwartz), that tested what is known as myopic loss aversion. What they found was that investors who check their performance less frequently are more willing to take risk and experience higher returns. Investors who check their results frequently take less risk and perform worse. And that makes a lot of sense if you...

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Weekly Market Pulse: Not So Evergrande

US stocks sold off last Monday due to fears over the potential – likely – failure of China Evergrande, a real estate developer that has suddenly discovered the perils of leverage. Well, that and the perils of being in an industry not currently favored by Xi Jinping. He has declared that houses are for living in, not speculating on, and ordered the state-controlled banks to lend accordingly. Evergrande is known as a real estate developer and it certainly is, but it is also a...

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Weekly Market Pulse: Time For A Taper Tantrum?

The Fed meets this week and is widely expected to say that it is talking about maybe reducing bond purchases sometime later this year or maybe next year or at least, someday. Jerome Powell will hold a press conference at which he’ll tell us that markets have nothing to worry about because even if they taper QE, interest rates aren’t going up for a long, long time. That statement might have more credibility if the Fed had been right about just about anything over the last decade....

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Weekly Market Pulse: I Have Questions

The wise man is one who knows what he does not know. – Lao Tzu or Socrates or neither   It ain’t what you don’t know that gets you in trouble. It’s what you know for sure that just ain’t so. – Mark Twain or Josh Billings or Artemus Ward or none of the above   Stocks are at all-time highs, credit spreads are as narrow as they’ve ever been, and someone just paid $24 million for some cartoons of apes:   LONDON, Sept 9 (Reuters) – A...

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Removing Urban Highways Can Improve Neighborhoods Blighted by Decades of Racist Policies

By Joan Fitzgerald, Professor of Public Policy and Urban Affairs, Northeastern University and Julian Agyeman, Professor of Urban and Environmental Policy and Planning, Tufts University. Originally published at The Conversation. The US$1.2 trillion infrastructure bill now moving through Congress will bring money to cities for much-needed investments in roads, bridges, public transit networks, water infrastructure, electric power grids, broadband networks and traffic safety. We believe that...

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