Consumer spending is likely to steer the U.S. economy safely through the shoals of deteriorating global growth and turbulent financial markets.
Click here to read the article (Bloomberg 10/14/14)
Latest News
Archive for October, 2014
We’re Going Back Into a Big Global Downturn: Robert Albertson (Bloomberg)
Tuesday, October 14th, 2014
Sandler O’Neill Principal and Chief Strategist Robert Albertson examines the global slowdown as the Federal Reserve considers a rate hike. He speaks with Bloomberg’s Tom Keene, Scarlet Fu and Adam Johnson on “Bloomberg Surveillance.”
Click here to watch the interview (Bloomberg, 10/14/14)
Successful Real Estate Investing Relies on Skills that Take Time and Money to Build (NYTimes)
Tuesday, October 7th, 2014
Residential real estate values from 1890 to 2014 rose an average of 0.3% after inflation, according to a study by Robert Shiller. Residential real estate can produce larger gains, but properties must be identified by professionals who have connections and who have learned to spot opportunities through painful trial and error, writes Carl Richards
Read the article here (NY Times 10/6/14)
Purse Tycoon Aims at Ultra-Rich With $85 Million Home (Bloomberg.com)
Thursday, October 2nd, 2014
In addition to U.S. tech, energy and entertainment money, Los Angeles has lured investors from China, Indonesia, Russia, Latin America and the Middle East who use U.S. real estate as a haven from political and economic uncertainty back home.
“If you buy a house for $50 million, $60 million, and it falls to $40 million, it’s still better than having your money under a dictator who decides that money doesn’t belong to you any more… It’s the return of capital rather than the return on capital.”
Read the article here (Bloomberg 9/22/14)