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Category Archives: Economics
We Need a Safety Net
I am just delving into a Christmas (gift) book called “Fault Lines”, about “How hidden fractures still threaten the world economy”. It was written by Raghuram G. Rajan, head of India’s Central Bank. This is not the first book I … Continue reading
Posted in bubble, currency, debt, Economics, Greenwich Real Estate, housing, interest rates, Uncategorized
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Poor Choices or Bad Behavior?
A friend of mine recently called his insurance company, because of a price hike, and balked. His complaint was he didn’t want to pay for “other peoples bad behavior”. It actually worked, because he had been a long time client … Continue reading
Posted in Economics, regulatory, taxes, Uncategorized
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The list of Billionaires is out
While reading the 10 things billionaires won’t tell you it mentioned 442 of the world’s billionaires live in the USA and their average wealth is $10.8 billion. If my loony “confiscate from the rich” cousin had his way the IRS would take … Continue reading
Posted in Economics, Greenwich Real Estate, taxes, Uncategorized
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State of Connecticut and mental health
Due to the tragedy at Sandy Hook last year the State of Connecticut has enacted gun control legislation that will probably cost the taxpayer $25 million per year and eventually, as all State administration goes, more. Now the State has come … Continue reading
Posted in Economics, Greenwich Real Estate, Uncategorized
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Can we rest easy now?
Here is a summary of Connecticut’s new gun laws that will certainly be passed this week. Once this new law is passed we can all get on with our lives and rest assured a violent crime will never ever happen … Continue reading
All that’s wrong with the World
David Stockman‘s “Sundown on America”points out all that was and is wrong with the world going back to FDR and the creation of the Fed. If I had to sum up this piece, which I can’t, it would be “balanced budgets … Continue reading
Posted in currency, debt, Economics, Greenwich Real Estate, housing, interest rates, mortgage, mortgages, Uncategorized
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Home Sales Hit Fastest Pace In Three Years
The National Association of Realtors indicates that the sale of previously owned homes hit a three-year high in February, a sign the economy is definitely on the mend. However, it’s not too late to join the party. Here are several … Continue reading
The Minotaur Among Us
As we all wonder as the Cypriot Government considers scraping a chunck of change off the bank accounts within the Cyprus Banks we like to ask ourselves “could that happen here in America?” Europe maybe, but the USA? It seems … Continue reading
Posted in debt, Economics, Greenwich Real Estate, Uncategorized
Tagged hoarding, saving, taxes
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Ut oh!
Right when we think we have a really good thing going someone always wants to muck it up. The “Senate Embraces Internet Tax” by a vote of 75 to 24. The internet, and commerce on it, has grown like the dickens … Continue reading
Posted in bubble, debt, Economics, Greenwich Real Estate, Uncategorized
Tagged internet, job growth
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Back on the market
16 LAKEVIEW DR in Riverside was sold for $2,720,000 in June of 2010. Less than eight months later it was on the market for $2,995,000 which is where it is also priced today. It has been about a year and … Continue reading
My Stump 