There’s a famous Chinese proverb that says, “Wealth never survives three generations.” America has its own version, which says, “Shirtsleeves to shirtsleeves in three generations.” But while 70% of wealthy families wi...

Land taxation should replace all other forms of state taxation. For the reasons that I will describe below many economists, tax theorists, politicians, and philosophers have strongly advocated for land taxation to be...

So the 30yr mortgage rate went from 3.93% to 4.46% over the weekend! Holy cow!

Could that be the reason Mortgage rate applications fell 3%?

It would make sense!

How do you feel this will affect REI? Buying and Hol...

                                                                Economic Update
                                                            (Monday, July 20, 2020)
In a previously unimaginable turn of events, the ...

Economic Update
(Monday, April 26, 2021)
While the nation was focused on a Minneapolis courtroom last week, there was also history emanating from a Los Angeles courtroom. A federal judge overseeing a sprawling la...

Economic Update
(Monday, July 13, 2020)
Not since the 1960s has the United States experienced social upheaval like it is experiencing today. We have protests, an upcoming national election, and a massively divide...

Economic Update
(Labor Day Edition)
This crazy bizarre year will undoubtedly be remembered as one of the most challenging times of our lives. A worldwide pandemic, social distancing, facemasks, a recession, histori...