Articles About Economics

Author:
Sam Gould
Posted:
02.27.2009

When Your Business Is Hurting, Give It Away for Free

Denny’s, the one-time king of value restaurants, recently tried to regain some of its lost glory by offering a free Grand Slam breakfast to everyone who showed up during limited morning/early afternoon hours.  The $5.99 Grand Slam breakfast includes two eggs, two bacon strips, two sausages and two pancakes. More than 2,000,000 people took advantage […]

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Author:
Mike Ochs
Posted:
02.23.2009

A Brief History of the Fed

The origins of the public/private Federal Reserve Bank is the subject of a new book “Innumeracy”, by John Allen Paulos. Established in 1913 when Congress passed the Federal Reserve Act in an attempt to prevent financial panics, the Fed still had an aura of mystery. Even more curiously, the Fed’s founders knowingly created the perception […]

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Author:
Mike Ochs
Posted:
02.18.2009

Homeowners Rush to Refinance While Interest Rates Are Low

What recession? A recent conversation with a friend revealed the unexpected nugget that at least one segment of the credit industry is alive and extremely well. The friend’s mortgage broker daughter is taking a leave of absence from law school to concentrate her energies on processing all the refinance applications coming her way – a […]

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Author:
Tom Silva
Posted:
02.17.2009

Chicago Economists Say 2009 Is a Year of Challenge

The economic forecast for 2009 is bleak, although it’s possible that recovery will begin mid-year. This is the opinion of William Strauss and Rick Mattoon, senior economists with the Federal Reserve Bank of Chicago. “We are predicting that 2008 will yield real GDP of 0.2 percent and that 2009 will be 0.7 percent,” Strauss said. […]

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Author:
Tom Silva
Posted:
01.06.2009

Santa Claus Doesn’t Deliver Consumer Confidence

Consumer confidence fell to an all-time low in December, despite the fact it was in the midst of the annual Christmas-shopping frenzy.  The reasons for this new low include deepening job insecurity, fast-deteriorating housing markets, and declining asset values. According to the Conference Board, the Consumer Confidence Index fell to 38 in December, compared with the […]

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Author:
Tom Silva
Posted:
12.30.2008

How Low Can the Fed Go?

The Federal Reserve is pulling out most – if not all — of the stops to thaw credit.  The central bank has cut its federal funds rate for overnight borrowing to just 0.25 percent, the lowest level ever.  But the move is likely too little, too late because the problem is not the lack of […]

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Author:
Michael Alter
Posted:
12.22.2008

How Will President Obama Impact Commercial Real Estate? Part 2

So what to make of President-Elect Obama’s progressive economic policies?  What his critics miss are some of the most intriguing features of his plan — providing companies with tax credits for hiring new employees; raising the investment expensing limit for small businesses; eliminating the capital gains rate for investing in small businesses; and the massive […]

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Author:
Michael Alter
Posted:
12.18.2008

How Will President Obama Impact Commercial Real Estate? Part 1

With change expected to begin in Washington, D.C., on January 20, 2009, the commercial real estate industry is bracing itself for the incoming Obama administration and the 111th Congress.  CoStar Advisor recently polled commercial real estate professionals on the top issues of the first 100 days.  The resulting list includes such policy issues as saying […]

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Author:
Tom Silva
Posted:
12.17.2008

Will Surge in Mortgage Applications Find a Home?

The residential mortgage market is experiencing an unexpected – but welcome — boom, a result of interest rates for 30-year fixed-rate loans falling to 5.47 percent from 5.99 percent.  According to the Mortgage Bankers Association’s (MBA) weekly review, the average rate for a 15-year fixed-rate loan – popular when refinancing – fell to 5.13 percent […]

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Author:
Tom Silva
Posted:
12.08.2008

Throwing a BRIC at the Economy

Wonder where real estate titan Sam Zell’s investment dollars are going during these recessionary times?  Despite the global financial crisis, Zell is investing in countries like Brazil, Egypt, Mexico and China – all of which he says have a shortage of affordable housing and lack infrastructure. Zell, the chairman of Chicago-based Equity Group Investments, LLC, likes […]

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