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Featured Book by John
The Economy This Week: Knowledge is Power, Twenty-first Century Style
April 28, 2009
Yes, knowledge is power, but increasingly in a world where we are told far more than we need to know, knowledge is fear. Take the swine flu affair. A virulent disease which is ripping its way through Mexico is being played as if the Apocalypse is upon us. Yet, in the United States, a country where vaccines and drugs are readily available to blunt the symptoms of the disease, there have been only a handful of cases. On this basis, the price of airline stocks dip, oil prices go down and there is a widespread belief that our friend the pig will bring down the whole world economy.
The handling of this story by the media is intended to make us very, very afraid. But so was the media handling of the real estate cycle, and so it still is. We are coming out of a severe downturn in the real estate market, a price we are paying for a ten year expansion. These things happen, sometimes gently, sometimes harshly. The reporting of this story has ignored how cycles operated, focused on prices rather than sales and made a hero out of Bob Shiller, an economist-entrepreneur who is attempting to profit from a futures market that has yet to get off the ground. And we are being taught to be very, very afraid.
Now that the worst of the real estate trouble is behind us, I guess the pigs will make a suitable substitute for the media types.
April 28, 2009
Yes, knowledge is power, but increasingly in a world where we are told far more than we need to know, knowledge is fear. Take the swine flu affair. A virulent disease which is ripping its way through Mexico is being played as if the Apocalypse is upon us. Yet, in the United States, a country where vaccines and drugs are readily available to blunt the symptoms of the disease, there have been only a handful of cases. On this basis, the price of airline stocks dip, oil prices go down and there is a widespread belief that our friend the pig will bring down the whole world economy.
The handling of this story by the media is intended to make us very, very afraid. But so was the media handling of the real estate cycle, and so it still is. We are coming out of a severe downturn in the real estate market, a price we are paying for a ten year expansion. These things happen, sometimes gently, sometimes harshly. The reporting of this story has ignored how cycles operated, focused on prices rather than sales and made a hero out of Bob Shiller, an economist-entrepreneur who is attempting to profit from a futures market that has yet to get off the ground. And we are being taught to be very, very afraid.
Now that the worst of the real estate trouble is behind us, I guess the pigs will make a suitable substitute for the media types.
Weekly Economy Archive
Live economic mastermind call with Justin Zimmerman
What's John Thinking: Recovery
March, 2009
PDF version
This is a four part commentary dealing with how and when we will get out of the current mess. This first part deals with the economy since it is the easiest of the four. Others will deal with real estate, finance and the unraveling of all the stimulus when the economy does recover.
Continue Reading ...
Live Economic Mastermind Call
October 9, 2008
Hey everyone, on Thursday night October 9, 2008 I sat down with Justin Zimmerman over at GoodMorningRealEstate.com and did a live Economic mastermind call touching on the key subjects affecting Realtors today. We also fielded over 200 questions and condensed them down in a 70min Q/A. Our key topics included:
Video
Audio
DOWNLOAD MP3 HERE (right click, save as - 60 MB) http://goodmorningrealestate.com/bgl/econ_call.mp3
I'd like to thank Justin for helping facilitate the call and recommend you check out his real estate "technology blog" at GoodMorningRealEstate.com/blog
March, 2009
PDF version
This is a four part commentary dealing with how and when we will get out of the current mess. This first part deals with the economy since it is the easiest of the four. Others will deal with real estate, finance and the unraveling of all the stimulus when the economy does recover.
Continue Reading ...
Live Economic Mastermind Call
October 9, 2008
Hey everyone, on Thursday night October 9, 2008 I sat down with Justin Zimmerman over at GoodMorningRealEstate.com and did a live Economic mastermind call touching on the key subjects affecting Realtors today. We also fielded over 200 questions and condensed them down in a 70min Q/A. Our key topics included:
- The bailout's impact on you!
- Time until we see a recovery!
- Hot markets that are actually up!
- What can the new President do!
- Tactics to close buyers and price sellers!
- The answers your buyers are listening for!
- Currency rumors dispelled!
- more...
Video
Audio
DOWNLOAD MP3 HERE (right click, save as - 60 MB) http://goodmorningrealestate.com/bgl/econ_call.mp3
I'd like to thank Justin for helping facilitate the call and recommend you check out his real estate "technology blog" at GoodMorningRealEstate.com/blog
What's John Thinking Archive
