John Maudlin’s newsletter

A. Wealthy people work hard. B. Wealthy people are good at what they do. C. Wealthy people have multiple streams of income. D. Wealthy people live in (relatively) inexpensive homes. E. Wealthy people are moderate in spending. F. Wealthy people are extraordinary at saving. G. Wealthy people pay themselves first. H. Wealthy people count their money.His newsletters are very long and very informative. This week's...

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Why is our market insulated?

Today’s Cavalier Daily reports on Charlottesville’s (Albemarle is implicitly implied) low unemployment. A recent survey by Manpower Incorporated, an employment services company, found that the City of Charlottesville has the sixth-best employment outlook in the nation for the second quarter of 2005. A Career Services study showed 15 percent of students wish to remain in Charlottesville. Since students have shown an interest in remaining in…

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Brief analysis

The Fed has raised the overnight cost of money enough that further hikes will push up long-term rates. Federal Reserve Chairman Alan Greenspan’s “conundrum” ? short rates rising while long ones steadied ? turns out to be no riddle at all, just an illusion. Short rates were extremely low ? at 1 percent so low that the Fed’s nine-month-long, 1.5 percent hike had no impact…

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Links

This is one of the biggest challenges home sellers face when putting their house on the market. Once you decide to sell your house, it’s no longer a home, but a commodity. It needs to be prepared as a commodity, marketed as a commodity, and priced as a commodity. It doesn’t matter what you “want,” only what the market can bear on pricing. People are…

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