We are in the late stage of a long-term debt cycle. Debt has become so high it is difficult to give lender-creditors a high enough interest rate relative to inflation to make them want to hold this debt as an asset without making the rates so high that it hurts
How is it that we put a man on the moon before we figured out if it would be a good idea to put wheels on luggage? In an almost equally cool move as wheels on luggage, last year Apple started to allow you to store car, house, and hotel
“The early bird may get the worm, but the second mouse gets the cheese in the trap.” The lower the interest rate, the easier it is to justify marginal projects toward the end of a business cycle when only cheap money gets the deal done. Thus, that is why commercial
“The point to remember is that what the government gives, it must first take away.” ~ John Coleman Well spring is in the air (nope sorry, that’s more rain) and baseball is returning to the ballparks. Tax Day (April 18th) has been replaced by Jackie Robinson Day (April 15th) and
“There is no wealth but life.” ~ Ruskin I assume most of you watched and enjoyed the Super Bowl a couple of weeks ago. It was interesting because most of these season finales turn out to be sort of ho-hum. This year was a nail biter to the end. On
California produces 60% of American roses but the vast majority sold on Valentine’s Day in the U.S. are imported from South America. One hundred and ten million roses will be sold and delivered this Valentine’s Day – another sign of California losing some of its lovin’ (and jobs). On the
“Good judgement comes from bad experience…and most of that comes from bad judgement.” As I have written before, uncertainty is a killer of markets. When investors or business owners have a murky view of the future – reluctance to make commitments abounds. For the last decade, we have lived in
The four stages of life: 1. You believe in Santa Claus 2. You don’t believe in Santa Claus 3. You are Santa Claus 4. You look like Santa Claus What other time of the year do you sit in front of a dead tree and eat candy out of your socks? Real estate investor
In the 1500’s, houses had thatched roofs – thick straw, with no wood underneath. It was the only place for animals to get warm, so all the cats and dogs lived in the roof. When it rained, it became slippery and sometimes the animals would slip off the roof, resulting
How commercial real estate brokers give directions… TURN LEFT AT THE STARBUCKS. GO STRAIGHT TIL YOU SEE THE NEW TACO BELL AND TURN RIGHT. THEN IT’S RIGHT THERE NEXT TO THAT PLACE WITH THE REALLY GOOD PULLED PORK…IF YOU SEE DUNKIN’ DONUTS, YOU HAVE GONE TOO FAR. Well three 75
Back in the day they cooked in the kitchen with a big pot that hung over the fire. Sometimes they would obtain pork, which made
