Fans of MASH know that Alan Alda turned 90 yesterday, and the remaining actors from the show joined him on the beach . When you reach a certain age you don’t care about the employment picture. Amazon laying off another 16,000, as announced this week, won’t help anyone’s “the economy is doing great” argument. As economist Elliot Eisenberg points out, “The most disturbing piece of information from last week’s income data is the confirmation of a complete lack of income growth o

One day of bond market move can wipe out any price benefit from the Agencies buying $200 billion of Agency MBS. In his Davos speech yesterday at the World Economic Forum in Switzerland, President Trump argued that homeownership is central to the American dream and criticized large institutional investors for driving up prices, saying “homes are built for people, not for corporations,” and touting an executive order aimed at restricting such investors from buying single-family

“Last weekend I was invited by a female janitor to smoke some weed in her apartment, but I politely declined. I can’t deal with high maintenance women.” While rumors swirl that Jerome Powell is paying his own legal bills while dealing with the DOJ, and the Administration is ruminating on using 401(k) or 529 funds to buy a home (no one needs cash when they retire, or money for higher education, right?), in the land of “concrete news” the office-to-apartment and condo conversio