The appeal of fixed-rate mortgages
Central banks around the globe have been raising interest rates for over a year, and this has had an impact on housing affordability, according to a…
Mark-to-market accounting again? No thanks.
Oh, brother. Leave it to accounting-rule fusspots to take a tricky situation and try to make it worse. “SILICON VALLEY BANK LOSSES EMBOLDEN CALL FOR U.S. ACCOUNTING…
Managers, get around more
MANAGERS SHOULD SPEND MORE TIME WITH THEIR PEOPLE: That is the conclusion from a recently published survey by McKinsey, which found managers only spend about 28% of…
A new residential rental option seems intriguing
STANDBY LIVING: Who says there’s no innovation in the residential real estate business? Standby living arrangements is a new residential offering from Landing, a subscription-based nationwide rental…
More missteps by Jerome Powell
ALL THE WRONG MOVES: Ya think? “POWELL’S LEGACY RISKS BEINGTARNISHED MORE BY SVB COLLAPSE “The collapse of Silicon Valley Bank threatens to further besmirch the reputation of…
Goldman finally sees the light
THE RIGHT MOVE: It’s taken them a whole lot longer than it should have, but Goldman seems to be figuring things out at last. But there’s still some…
Getting online account openings right
WHY ARE ONLINE APPLICATION ABANDONMENT RATES SO HIGH? BAI research has found that online abandonment rates for deposit account applications run as high as 70%. The BAI…
Wednesday Headlines: Depth of bond yield inversion recalls Volcker era
Bloomberg: Deepest Bond Yield Inversion Since Volcker Suggests Hard Landing Financial Times: Powell warns Fed is prepared to return to bigger interest rate rises CNBC.com: Berkshire…
The SPAC fiasco winds down
BACKFIRING: Wall Street innovation—on the march! “THE SPAC FAD IS ENDING IN A PILEOF BANKRUPTCIES AND FIRE SALES “It took only 10 months for Quanergy Systems Inc.,…
Housing unpleasantness on the way, but not a disaster
NOT A RE-RUN: I pretty much buy this. First Trust chief economist Brian Wesbury explains why, as brutal as the likely coming collapse in home prices could end up…