Reading Time: < 1 minute Or American consumers. I did not realized that the consumer credit card debt skyrocketed recently until I saw a year at Twitter. This chart has about 4 years of data: both the credit card loan and personal savings. The source of data is from FRED (I think it stands for Fed Research Economic Data): I… Continue reading US Consumer
Reading Time: 2 minutes I heard a lot of inflation talk among friends recently. I think the CPI data kinda confirms it. The gas and food prices went up a lot in recent months. Last time we saw $4 a gallon gasoline, it was about 2012 or 10 years ago. The answer to “whom to blame” question, like many… Continue reading Who is to blame for inflation in the US?
Reading Time: < 1 minute (Update 2: 06-22-2022) Besides new apartments below (again The Oliver which is almost done as of June 2022, and The Opus Group Multifamily Redevelopment Project at Irvington and Reyem Courts which I assume will take some time / years or months), there are also two townhouses complex. Hilltop West-attached home redevelopment project and Olivette Townhouse… Continue reading Recent Olivette Developments
Reading Time: 2 minutes What a week. Stock market indices dropped significantly in last 3 trading days of the week, following many events in the week. 1. Scott Brown won MA senate race No one see this coming until recently. Looking back this is actually easy to understand. A few days before the Tuesday election, I was thinking, if… Continue reading Week in review Jan 23 2010
Reading Time: 2 minutes the link to publisher here. author: Nomi Prins, formerly Managing Director of Goldman Also author interview by Vermont senator Bernie Sanders (I) at After Words (C-Span). There is a video link at the right. This book reminds something I read from Ruth’s Chris (Nasdaq:RUTH) 2008 annual report, Risk factors, bullet 5 (quoted below): Turmoil in… Continue reading It takes a pillage
Reading Time: 2 minutes Some thoughts after reading Wang Jiansuo’s Craziness of Real Estate Market. 1) Fundamental: demand, new household forming, and demand to live better (more space). In the US (according to Buffett) 1.3 million household forms every year, while in the booming years they are building 2 millions houses per year. I don’t have China’s number. Note… Continue reading The reasons behind China crazy real estate market?
Reading Time: < 1 minute Healthcare (excuse me, Health Insurance) reform debate has heated up lately, esp. in those contentious townhall meetings. One hot issue in debate is the Public Option (not the stock option, but rather a public choice for general public to buy). It seems to me this is losing steam recently, because of a mistake made by… Continue reading Healthcare reform likely outcome
Reading Time: 2 minutes My wife asked me why there are so many outraged people on those congressmen/senators townhalls (she reads that from WSJ). I used an analogy. Imagine the metro (or buses) during rush hours in Shanghai (I used to take a bus almost every Monday morning in early 1990s, from my brother’s place to my working place,… Continue reading My analogies on healthcare reform protest
Reading Time: < 1 minute imbalance. Article here. This reminds me Wang Jianshuo’s latest article “I am a rich person?”
Reading Time: 2 minutes I started Financial Times subscription this week. Last week, I took advantage an offer (or a bait) of $49 for 6 months subscription. I have subscribed and read FT in the past (a few years ago when I did not know much about finance). The main reason is my WSJ and Barrons subscription are expiring,… Continue reading Started Financial Times subscription