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Category Archives: United States
Fed holds rates, sets date to unwind $4.5 trillion balance sheet
In a widely expected move, the Federal Reserve kept interest rates unchanged on Wednesday and announced a timeline for reducing its $4.5 trillion balance sheet.
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Home ownership bounces from a 50-year low
In a 2015 blog post titled “Unintended Consequences” I explained that policies implemented by the Clinton and Bush administrations to boost the rate of home ownership not only had unintended consequences, but the opposite of the intended consequence. This post is a brief update on the US home ownership situation.
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Here’s why nearly 25% of Manhattan rental applicants get rejected
Manhattan is one of the hardest places to get an apartment — no surprises there — but the borough has hit a new level of unattainable with this recent statistic: Manhattan has the seventh highest rejection rate for would-be renters in the entire country.
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Shell To Restart Major Oil Refinery
Shell is set to restart its 325,700-bpd Deer Park refinery in Texas, after shutting it down for three weeks during and after Hurricane Harvey’s sweep of the U.S. Gulf Coast. By noon on Sunday, the refinery’s biggest crude oil distillation unit, with a capacity of 270,000 bpd, was up and running again. The rest of the units are being restarted currently.
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Suddenly, “De-Dollarization” Is A Thing
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
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Hey single ladies! Here’s where you should live
All the single ladies, listen up: The Midwest may be the best place for single and unmarried women to buy a new home, followed by Texas and upstate New York.
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Landmark Fed meeting highlights economic news
A historic Federal Reserve meeting highlights this week’s economic news. While the Fed isn’t expected to raise interest rates, Fed officials have indicated they’ll announce that they’ll begin to shrink the bloated asset portfolio the central bank has built since the Great Recession. That move will slowly push up long-term interest rates. Reports on housing starts and existing home sales will also be released.
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Bit by bit, Miami real estate will embrace Bitcoin
You might have seen a recent news item about a local gentleman who agreed to accept Bitcoin for his Coral Gables house, which he had put on the market for $6.4 million. I hope you did, because that’s my listing! (Along with my business partner, Carol Cassis.)
Read more: http://tinyurl.com/yaqjspr8
Doubts arise on whether corporate tax cut would boost growth
WASHINGTON — For President Donald Trump, what’s good for General Motors is great for American workers. Same for Boeing. And AT&T. Not to mention small businesses.
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