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By Monty Guild and Tony Danaher, on May 31st, 2005
Here we go again. I would like to try to interject a little fun into our memo today.
SOME FUN—A FEW BOOKS I HAVE ENJOYED
I have recently read a book that impressed me with its broad and practical applicability. I am not a highly political person and this book is not a political book. It is about economic incentives, which shape people’s behavior. It is fun and interesting because it describes every day situations for different groups of people; real estate brokers, game show contestants, school teachers, sumo wrestlers, the Ku Klux Klan, consumers of bagels in office . . .
Continue Reading: SUMMER READING, AND BE CAREFUL WHAT YOU WISH FOR
By Monty Guild and Tony Danaher, on May 3rd, 2005
INTEREST RATES
U.S. interest rates continue to rise and even though we are seeing a slight decrease in economic activity, the Fed is concerned about the continuing and growing use of home loans to finance a lifestyle that is beyond the means of many Americans. This will have a very deleterious effect on the economic growth environment in the U.S. as interest rates rise.
U.S. consumers have been living beyond their means. They have been financing their spending programs with periodic refinancing of their homes. As interest rates declined for twenty-three years, this type of behavior was rewarded. Recently, . . .
Continue Reading: RUSSIA, INDIA, AND VENEZUELA
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