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From 2010 until Covid, the neutral rate, the Fed funds rate that was neither expansionary nor contractionary, was near zero and rarely exceeded 2%. Many expect that going forward, the neutral rate will be systemically higher. The combination of a…
Read MoreThe Friday File: On Thursday, my favorite comedian Bob Newhart died. His 1961 record “The Button-Down Mind of Bob Newhart (which I remember vividly) quickly led to “The Button-Down Mind Strikes Back. At one point they were #1 and #2…
Read MoreThe Friday File: On 4/20/24, Swedish pole vaulter Mario Duplantis broke his world record, clearing 6.24m, 20.47ft. The old record was 6.23m. Duplantis gets a check of up to $100,000 whenever he breaks the record. The great Ukrainian pole vaulter…
Read MoreThe current average U.S. real estate commission is 5.49%. The listing agent receives an average of 2.83% while the buyer’s agent receives 2.66%. For a $400,000 home, that works out to a commission of $21,960. Hawaii has the lowest average…
Read MoreThe accidental destruction of the critical Francis Scott Key Bridge has rendered the Port of Baltimore unusable indefinitely. The Port is the 11th largest by container imports with 559,000/year 20-foot equivalent units. LA/Long Beach is tops at 8.2 million, then…
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