Credit is a Coward

Credit is a Coward

  Charles Dickens once wrote, “credit is a system whereby a person who can’t pay, gets another person who can’t pay, to guarantee that he can pay.” Now that’s a bit cynical, but it does tap into this idea that credit is based on the concept of trust. Can...
Souring Outlook

Souring Outlook

OVERVIEW   The U.S stock market deteriorated last week as all three major stock indices posted declines. The S&P 500 index fell 2.21%, the Dow Jones Industrial Average declined 1.28%, and the Nasdaq Composite plummeted 4.13%. Growth stocks led the decline,...
Home Prices vs. Rents

Home Prices vs. Rents

  This week’s featured chart shows a reason why we probably won’t see inflation come crashing down any time soon. The chart, shown above, shows the ratio between home prices and rents. When it’s rising, it means home prices are growing faster than rents; when it...